Editore"s Note
Tilting at Windmills

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May 2, 2005
By: Kevin Drum

A TAXONOMY OF TAX RATES....Jim Henley asks about rates of taxation. Here's my quick and not-very-well-thought-out guesstimate:

  • Above 40%: Unwise.

  • Above 50%: Counterproductive.

  • Above 60%: Unjust.

Note that I'm talking about actual maximum tax burdens on high earners here, not theoretical rates and not marginal rates. I doubt there are many millionaires in the entire country who pay an actual tax rate very much higher than 30%.

Discuss.

Kevin Drum 4:33 PM Permalink | Trackbacks

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