The Top Tax Brackets #
March 13th, 2009 | In Worth Considering
It’s wonky and probably — to most — pretty boring, but I think Nate Silver makes a good point:
The question, of course, is why there isn’t a millionaires tax bracket now … or even a multi-millionaires tax bracket. I haven’t run the numbers, but I’m guessing that if you established a new tax bracket at, say, 40.5 percent, that started at incomes of $1,000,000 or more, this would bring in as much revenue to the government as restoring the $250K tax bracket (which is really $360K now given indexing to inflation) to 39.6 percent, as it was under Clinton.