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Reply to "Taxes - where should top tax rate be set and at what %?"
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[quote=Anonymous][quote=Anonymous]There should be a top tax rate for millionaires of 50 percent. And an estate tax of 75 percent on estates worth more than $50 million. No loopholes or deductions. [/quote] You can't just say "no loopholes or deductions." You'll just get families putting those assets into trusts and limited partnerships. Those aren't going away, and you can't just take them away from one group of people.[/quote]
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