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Political Discussion
Reply to "Taxes - where should top tax rate be set and at what %?"
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[quote=Anonymous][quote=Anonymous]I know there are a lot of high income people on these boards so I'm curious what you think we should do about the problem of income inequality.[/quote] There is no such thing as income inequality. There are differences in incomes but to label it inequality is income envy. My opinion has always been the same, never more than 35%. Capital gains should be indexed according to income levels up to the highest income tax rate but again, no more than 35%. And there should not be a death tax. But if you insist on having one, never more than 35% at very high levels of estate value. FYI, I have spent the majority of my 30+ years in adulthood in lower to middle income. I am now hitting the 6 figures, but barely, and within 5 years to retirement.[/quote]
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