Leading Economists Back a 75% Tax Rate on Incomes over $2.9 Million

Leading Economists Back a 75% Tax Rate on Incomes over $2.9 Million

Leading professional economists have concluded that the optimal tax rate on very high incomes is 75%. Triumph of Injustice, p.134. Above that, the super-rich stop working, below that, we lose tax revenue. This compares well with the USA 1980 tax rate of 70%. Thanks to Trump the highest rate today is 37%. Even higher rates are justified when income consists entirely of dividends and interest payments.

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