Wednesday, February 16, 2011

Robert Reich Calls For A 70% Top Marginal Tax Rate

The Hufffington Post reports on Robert Reich's call for a much higher taxes productive Americans:
My proposal to raise the marginal tax to 70 percent on incomes over $15 million, to 60 percent on incomes between $5 million and $15 million, and to 50 percent on incomes between $500,000 and $5 million, has generated considerable debate.
No word yet on Robert Reich willingly giving the Treasury half his income.