millennial_legend
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They should pay 70% marginal tax of all personal income over $1 million in a year, and 99% marginal tax of all personal income over $5 million in a year.Top 1% pay approx 50 percent of all Fed Income taxes per CNBC which is hardly a conservative source. Stated another way the top 1% are paying more in Fed taxes than the bottom 95%. You think it should be higher than that?
Everything below $50K shouldn't be taxable, 50K-250K should be 5%, 250K-500K should be 10%, and 500K-1M should be 25%.