Part 5/10:
Top Marginal Tax Rates Apply to All Income: High tax rates only apply to income exceeding certain thresholds, not the entirety of an individual’s income.
Raising Taxes is a Far-Left Idea: Polling shows that the majority of Americans, including many Republicans, support raising taxes on wealthy individuals.
Wealth Taxes are Unconstitutional: Many local governments already impose taxes on property and other wealth forms, challenging the assertion that they are inherently unconstitutional.
High Taxes Discourage Investment: Historical data suggest high marginal tax rates can coincide with robust economic growth, disproving the notion of tax cuts leading to increased investments.