this post was submitted on 19 Mar 2024
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What about making the highest tax bracket immutable.
Basically, anyone earning more than that amount, for every dollar of earnings above that amount, taxes cannot be exempted, refunded or otherwise redirected.
Say that tax bracket is 500k/yr, and some rich fuck earns 2M. They must pay the tax, whatever percent of tax that is, on the final 1.5M of earnings. So if it's 50% taxes, they must pay $750k, plus whatever taxation is applicable to the first $500k. They can't skirt it by putting that money into a tax shelter or by donating it to the corrupt charity that they run.