Makes sense but would be massively prone to abuse.
Commies could just shut down the govt until all money is transferred to the Feds.
Completely not thought through.
Makes sense but would be massively prone to abuse.
Commies could just shut down the govt until all money is transferred to the Feds.
Completely not thought through.
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It would only apply to incomes above $10 million a year. And from a starting marginal rate of 35%, if we have a shutdown all 365 days of the year, the rate would go up to 72%, so even for annual incomes above $10 million, government wouldn't get all of that.
Doesn’t matter what income it’s applied to, it would be massively abused by commie fascist fuck.
But I guess you’re the type of person that’s fine with even more theft than is already happening.