The highest rate is on annual taxable income in the hundreds of thousands and up.
The hundreds of billions are also getting taxed that top marginal rate.
Your statement is muddled.
Maybe the word same is missing like
Everyone in the top bracket shouldn’t be paying the same marginal tax rate.
Beyond the start of the current top bracket, the marginal tax rate should continue increasing (for millionaires & billionaires).
The way you suggest realizing things that are already true draws into question whether you’ve ever filed taxes.
Likewise for the people agreeing with you: have they ever filed taxes?
Yes what I meant is the rate should not stop increasing at such a low amount. In fact the hundreds of billions do not pay the rate because of the way we tax work higher than returns and because social security and medicare have a max point. Basically the folks paying the highest rate are the folks that make it to that highest rate for what is still a common profession like doctors and lawyers. After that its escape velocity for taxes.
It means the highest tax bracket should not be in thousands when the top makes hundreds of billions.
The highest rate is on annual taxable income in the hundreds of thousands and up. The hundreds of billions are also getting taxed that top marginal rate.
Your statement is muddled. Maybe the word same is missing like
Some of your ideas are confused. Income taxes are already progressive. Taxable income already includes income other than wages. The standard deduction exempts the low 5 figure annual incomes from taxes.
The way you suggest realizing things that are already true draws into question whether you’ve ever filed taxes. Likewise for the people agreeing with you: have they ever filed taxes?
Yes what I meant is the rate should not stop increasing at such a low amount. In fact the hundreds of billions do not pay the rate because of the way we tax work higher than returns and because social security and medicare have a max point. Basically the folks paying the highest rate are the folks that make it to that highest rate for what is still a common profession like doctors and lawyers. After that its escape velocity for taxes.