@Ferretsyndicate@radical.town A graph diving each income between $0 and $12,000,000 into a "Take-home" portion (blue) and a "Maximum Taxes" portion (green).
A tiny box in the lower lefthand corner is labelled "Where 94% of US is".
A vertical dashed line at $10,000,000 crosses the graph. At this point, the "Take-home" income is a little over $6,000,000. Starting at this point, a narrow wedge below the bottom edge of the green line shows the difference in take-home income created between the former highest marginal bracket and the new proposed 70% marginal rate. The total height of this triangle is less than 10% of the take-home income at an income of $12,000,000, on the right edge of the graph.
The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!