• AA5B@lemmy.world
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    17 hours ago

    Certainly a bigger problem is how someone who can afford over $1M private jet would be in only the 35% bracket

      • AA5B@lemmy.world
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        6 hours ago

        Nope, you’re the only one who knows what’s going on!

        I was repeating the number from the person I replied to - it did cross my mind that there’s a higher bracket, but I took the number - the existence of one more bracket doesn’t really change anything. Why do the brackets end when there are so many people so much wealthier? While I understand wealthy people tend to get money through other types of income, and that’s an even bigger issue, we should have more brackets. It seems like everyone agrees to have a partly progressive income tax (disregarding other types of income) with brackets so wealthier people pay a higher percentage, it shouldn’t end at what may be considered the lowest income of the wealthy.

        Edit: 37%