No self respecting rich guy paid that much...You have to talk about the effective tax rate (both personal and capital gain). This was always around 30% in the last 70-80 years!
So the best thing to do is to abolish all deductions for the rich and reduce the top tax rate to something like 28% (which the new debt commission recommended)
So the best thing to do is to abolish all deductions for the rich and reduce the top tax rate to something like 28% (which the new debt commission recommended)