What do you consider a "fair share" that the top 1% should pay in income tax?

[Nanjeanne]

10. Since taxes are progressive based on the different brackets it's perfectly

acceptable to me to have wealthy people pay significant percentage on the income over 1-2 million. In 1970 the tax rate over $100,000 was 70%. In 2021 that would be approximately $713,000. I wouldn’t go that far but I’d be happy to see a tax of 50% on the portion of income over a million or two.

We message taxes so strangely. So many people believe if you say 50% on income over a million that it’s 50% on the whole income. But we have tax brackets and everyone pays the same % in the brackets. So someone making $1,200,000.00 would pay 50% on the $200,000 not the whole enchilada. And that’s after the deductions, etc. It’s crazy to me that the effective tax rate of billionaires is about 8%. But talking about taxes has become so difficult. It’s misunderstood and badly messaged.

I remember in 2008 Biden saying paying taxes is patriotic and being lambasted for it. He was right and if we actually paid taxes for thing people needed and wanted like education, infrastructure, healthcare, etc we would be doing the most patriotic thing we could be doing.