Originally Posted By: pondering_it_all
That's the way the graduated income tax has always worked. If we had a 93% maximum rate today, it would probably only apply to income over 10 million dollars. The first 10 million would be taxed at a lower rate. But you have to think about a factory owner with 100 million profit to spend every year. That 93% rate would give him a strong incentive to pay his employees a bigger piece of the pie rather than give it to the IRS. That's a good way to even out income inequality.

I heard that it would apply to sixteen thousand households. Big whoop.
The only people pushing the Athenian Straw Man Nonexistent Threat of Slippery Slope Windyfoggery (ASMNSSW) RE DEMOCRACY are people who have a misunderstanding/problem or hatred of democracy. (See AUTHORITARIANS)