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re: Why wouldn't this job producing tax structure work?

Posted on 2/20/17 at 3:19 pm to
Posted by LSUTIGER in TEXAS
Member since Jan 2008
13613 posts
Posted on 2/20/17 at 3:19 pm to
quote:

Why wouldn't this job producing tax structure work?
quote:

Tax all income over $20.0m per year at 90%.
no one would try to earn more than $20M. they would have their own program to keep their profits exactly below the punishment line

growth is punished by 90% tax so long term so growth is eliminated
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