Reply to post: Re: Simple solution to Dell's problem

Should the super-rich pay 70% tax rate above $10m? Here's Michael Dell's hot take for Davos

's water music

Re: Simple solution to Dell's problem

"If I was lucky enough to have $11m in the bank I would certainly not want the IRS demanding that I hand over $700k to them for every $1m I earn."

Why would you having 11m in the back affect your top rate income tax?

And if your hypothetical wealth were income, do you understand the difference between marginal and flat rates?

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