"Income tax is the wrong way to tax the extremely wealthy."
That's my point.
The top income tax brackets are designed for, and sold to voters as, appropriate rates for the "super rich".
So to whatever degree you feel this is a bad tool for that job, I would hope you'd recognize that, therefore, the income ranges for those very high rates are not appropriate.
As I pointed out, those top rates aren't for millions or tens of millions of dollars of income - they are for (roughly) $400k.
That's my point.
The top income tax brackets are designed for, and sold to voters as, appropriate rates for the "super rich".
So to whatever degree you feel this is a bad tool for that job, I would hope you'd recognize that, therefore, the income ranges for those very high rates are not appropriate.
As I pointed out, those top rates aren't for millions or tens of millions of dollars of income - they are for (roughly) $400k.