Quote:
Originally Posted by mooby
Do you understand what a marginal tax is? It's not 70% of your income. It's 70% of your income after you reach the 10 million threshold in a single year, and even then that first 10 million isn't touched at 70%. It's also a big reason why America prospered after WW2.
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Yes, I know what a marginal tax is, and I don't agree with it. Should have been more clear in my response. But I don't agree with government getting 70% of any amount over X number of dollars, even if someone is making billions a year. Its our money not the governments. Government should try spending less. Always take take take, spend spend spend. And they turn voters against each other to do it. Our tax code now is a joke.