Or maybe its broken because we've lowered the top income tax rate, eh?
"Lowered" the rate?
Who on fucking earth would be motivated to work at a 70+ percent income tax level?
And the 50% figure of people not paying fed inc taxes is accurate when you take into account other factors, such as tax credits and other subsidies the bottom half receive.
Yes. Lowered the rate.
And lots of people would be motivated to work at 70+ percent income tax level if that only kicked in at 10 mil a year. Or would you not work for $3 million a year?