Bannon reportedly calls for tax of 44 percent on those earning over 5 million a year

Love it

There are so many ways to not show that much income, even if you are making that much.

I doubt any SEC coaches would even be subject to that after deductions and write-offs.

I hate Bernie Sanders, this damn commie demanding - oh wait

This is bullshite. The government has no more right to a rich mans money than a poor man's

I disagree with it completely but if forced to negotiate to balance the budget I would probably do the same thing. I don't know why our income tax stops being progressive at such a low number.

Needs to be way lower

44% is nothing.

It's still amazing that the top rate for regular income was 91% for regular income and was accepted for a decade...and then suddenly not accepted after the 50's-60's.

Then 70% in the 70's.

Then 50% under Reagan...

And then dropped to nothing 28% in 1988...

Is 40% some magical number? It hovers around 39% the last 30 years.

And has never been above 40% again.

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Bannon reportedly calls for tax of 44 percent on those earning over 5 million a year

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But only for the blacks and joos right? Cause muh racist Nazis.

I am supportive of 90% of Bannon's ideas, but this one is not good. It just encourages more elaborate accounting and I don't imagine revenues would change much at all. Very, very few people make that kind of money from taxable income.