Sounds to me like Elizabeth Dragon needs to get a Pho Keene life.

Maybe the people impacted by this need to start living within their means, saving money rather than spending it, etc etc etc, everything that the GOP are always telling people who aren’t rich to do.  What’s good for the goose......

They don’t though. That’s a myth. The majority of income taxes (and we’ll ignore social security taxes, sales taxes, property taxes, etc in this) are paid by those who make less than $10 million a year. We’re talking about the Top .001%... actually less, because that’s $7 million a year. The top 1% only pay a tad…

Seriously? That’s why Buffet constantly talks about paying a smaller share of his income than his secretary does.

If getting to keep ONLY $10 million is getting hosed, can some hose me in that way?

Honestly, I’m an idiot on this stuff, but even with the brief explanation above I think I got it. Essentially, if you are making $1 over $10 million, only $1 (as opposed to $10 million and $1) gets taxed at 70%. Did I get that right?

They’re not being impacted though. They’re slightly less rich than they were. If there’s no functional change, what’s the problem?

You do have more... you have more income. There are ZERO caps on ANY charitable donations. Anyone who has told you otherwise is a liar. You’re perfectly able to give away as much money as you want up until you have no more money. What you’re really saying is there is a cap on TAX DEDUCTIONS, which is a different…

Historically, almost no one pays it - they figure out ways to reinvest, donate to charity and bring down taxable income in myriad ways that usually result in benefits to society at large.

If it were that high, and someone offered to pay you $200,000 to do something, would you do it for $18,000 if you already made $10 million that year?

Just curious, did you read the article where it fully explained how we already have this marginal tax rate system? Asking for a friend.

Most people with a net worth of$10 million dollars can live just fine for the rest of their lives. Making that much every year still puts people under the threshold.

I regret to inform you that isn’t a béarnaise sauce.

If that tiny minority is negatively affecting everyone else by sucking up and hoarding all the money while buying off politicians to break down rights the rest of us have spent decades trying to earn then I see no issue with it. 

Then that’s “Close the carried interest loophole”, which was supported by both major-party presidential candidates in 2016.

First, it doesn’t ‘hose’ anyone. It’s called ‘paying your fair share’. You pay more because you have more. Don’t want to pay more? Give it all away! Or, work for less. Problem solved.

but let’s be honest here. Functionally, Steve Scalise is not exactly wrong. By the time you are taxing someone making $10,000,000 using marginal tax rates you are taxing the VAAAAAAAAAAST majority of his or her income at the 70% rate.

As a high-earning wage slave who has almost always voted Republican, i’m all for it.

There’s a large chunk of the population that think they are one step away from being in that top 1% of the 1%, and god forbid they have to pay more taxes to be there.

Honestly this policy is a no-brainer. It impacts so few voters yet brings in millions of dollars. The only reason it doesn’t get traction with voters is that we Americans are easily confused by percentages (which, ironically, we could correct in future generations with the additional monies).