Under Kennedy, the top rate came down from 90% to 70%.
We’re currently arguing about whether that top rate should be roughly 36 or 39%.
Surely the rate matters, as much as the movement lower. Someone could believe that 90% was a bit excessive, but 39% is withing the bounds of reason for the top 5% of all earners.
Tigger, You keep making this same comparison.
Under Kennedy, the top rate came down from 90% to 70%.
We’re currently arguing about whether that top rate should be roughly 36 or 39%.
Surely the rate matters, as much as the movement lower. Someone could believe that 90% was a bit excessive, but 39% is withing the bounds of reason for the top 5% of all earners.