Elect Obama, pay a 70% tax rate. It's scary, but it's definitely possible. Remember to triple the amounts of the tax table under the Carter administration to bring it to present day values.
Source:
http://www.taxfoundation.org/ add /publications/show/151.html
Anonymous
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Why stop at 70%, let's go for the FDR range of the 90%. That would really be progressive and we could get the redistribution done much quicker.
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A 50% tax rate will and that is more accurate. Top rate 40% then figure in state and local taxes, property taxes, sales taxes, and whatever other taxes they charge. Like the taxes on your electric, gas and cable bill.
Anonymous
Yes
Colette Pioline ART
Nobody is proposing a 70 percent tax rate.
Anonymous
No because he is only taxing the 5% of the most wealthy in America.