Right, the other point is that the top marginal tax rate doesn't kick until you've reached a certain amount of money.

Meaning that if you make 10 zillion dollars a year you would NOT be taxed at the 70% rate on every single dollar. You'd be taxed on a lower rate until you passed a certain threshold, and then *every dollar after that* would be taxed at the 70% rate.

It's like saying "look, you've made it, you've got MORE than enough money to live very, very well. So every dollar you make after this is just icing on the cake. And you're cake will still be more than fucking delicious if you only get 30% of the icing, trust us".

Or something like that.

by Tom Hanc on 09/20/2008 10:07:14 AM EST

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