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Re:A majority of Americans support raising the top tax rate ... by porpoisely on Wednesday January 16, 2019 @03:48PM (#18924997)
No. The current top bracket is a few hundred thousand.

https://www.bankrate.com/finance/taxes/tax-brackets.aspx

Edit: To the people downvoting, I'm well aware that the current bracket won't be taxed at 70%. But there is a lot of room between $500K and $10 million. And I have feeling that there will be many brackets between the current top bracket and the new one.

Re:A majority of Americans support raising the top tax rate ... by dragonwriter on Wednesday January 16, 2019 @04:09PM (#18925289)
> And I have feeling that there will be many brackets between the current top bracket and the new one.

So, you are arguing against your feeling, and not the actual proposal at issue?

Re:A majority of Americans support raising the top tax rate ... by stouset on Wednesday January 16, 2019 @03:50PM (#18925019)
Nobody I’m aware of is suggesting we tax the current top bracket at 70%, but that we make a new top bracket.
Re:A majority of Americans support raising the top tax rate ... by jedmeyers on Wednesday January 16, 2019 @04:00PM (#18925157)
There is already a thing called AMT so a new top bracket makes zero sense.
Re:A majority of Americans support raising the top tax rate ... by ceejayoz on Wednesday January 16, 2019 @04:15PM (#18925339)
The AMT's top rate is 28%, a far cry from the proposed new 70% bracket.
Re:A majority of Americans support raising the top tax rate ... by ceejayoz on Wednesday January 16, 2019 @03:50PM (#18925018)
The polling is not about raising the current highest tax bracket to 70%, it's about adding a new one. From the article:

> The New York Democrat kicked off a debate within her party in a Jan. 6 interview with "60 Minutes" during which she said she would support setting the highest tax, which she said would kick in at individuals 10 millionth dollar of income, at 70 percent.

Re:A majority of Americans support raising the top tax rate ... by dudul on Wednesday January 16, 2019 @03:52PM (#18925046)
The question used in this poll seems to be "Do you favor a 70% tax rate to the 10th million dollar and above?"
Re:A majority of Americans support raising the top tax rate ... by dwiel on Wednesday January 16, 2019 @03:52PM (#18925045)
It is unfortunate that the poll asked about changing the highest tax bracket, whereas Ocasio-Cortez suggested creating a new $10m tax bracket. They are very different things.

Edit: I stand corrected. The picture in the article doesn't mention the new $10m tax bracket, but the actual poll question did.

Re:A majority of Americans support raising the top tax rate ... by detaro on Wednesday January 16, 2019 @03:54PM (#18925066)
From the embedded results table at the bottom of the article:

> "AB2: Currently the top tax rate is 37%. Would you favor or oppose a tax proposal that would apply a 70% rate to the 10 millionth dollar and beyond for individuals making $10 million a year or more in reportable income?"

Re:A majority of Americans support raising the top tax rate ... by dudul on Wednesday January 16, 2019 @03:53PM (#18925054)
That was the question. Scroll down and you'll see the details of the poll. The question was about taxing past $10M/year income.