After watching a few documentaries, most notably "Capitalism: A Love Story" and "1 Percent", as well as having very conservative relatives, I have heard a lot about how either income tax should be raised or lowered (or even abolished) for the richest. I personally think that the highest it reached in the U.S in 1952 (~92%) is 3% too short, but I have heard people say that 5% is too high.
So, where should income tax fall for the richest, or at all for that matter?
So, where should income tax fall for the richest, or at all for that matter?