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Re:We shouldn’t push a positive mindset on those in poverty by mrep on Saturday February 19, 2022 @05:44PM (#30401236)
The top 1% earners earned 21% of all U.S. income while paying 40% of all federal income taxes [0]. I would guess going from 50% to 70% would increase that share to would increase that percentage to 58%.

[0]: https://www.heritage.org/taxes/commentary/1-chart-how-much-t...

Re:We shouldn’t push a positive mindset on those in poverty by ac29 on Saturday February 26, 2022 @05:20PM (#30482526)
Old comment here, but I was assuming not just income tax to increase, but also to have capital gains, dividends, etc to be taxed at 70%. Current cap there is 20%, per my understanding, and a substantial amount of wealthy person's income is taxed at these favorable rates.