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by jjeaff 2112 days ago
Progressive taxes do not disincentivize success.

They also don't tax high earners more. They tax the high end of high salaries more.

In other words, I pay the same amount of taxes on the first $50k of earned income as a ceo pays. We both pay the same rate on the next $50k, and so on. Then, he may pay a higher rate for that last $3m he earns. Seems completely fair to me.

In reality, he has a lot more resources and power to tax plan his income, so he will likely pay a lower effective tax rate than me anyway. So taxing the higher incomes, if anything, is needed to keep things fair.

But regardless, assuming those higher income brackets aren't taxed at an extremely high rate, no one is declining higher salaries or choosing to earn less because it will be taxed more.