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Reply #34: I think there is a huge variation even within the top 1% [View All]

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AP Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-09-03 11:05 AM
Response to Reply #33
34. I think there is a huge variation even within the top 1%
of marginal valuations of additional dollar (from the doctor/lawyer couples making 300,000 and having to give up a couple weekends to wokr to make an extra 10,000 bucks, incurring risks like professional negligence suits) all the way up to the CEO, or trust fund baby, or whatever, making 4 million a year, mostly in stock options and stock tips from insider friends, who can make an extra 10,000 bucks in their sleep. Why should they both pay the same.

I don't think it'd be fare to tax even that small number (1% of taxpayers) the same marginal rate throughout that entire income range (300K to infinity).
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