If Conservatives Are To Be Taken Seriously on Taxes, Shouldn’t They Understand How Marginal Income Tax Rates Work?

A little while back, after freshman Democratic representative Alexandria Ocasio-Cortez proposed a 70% tax rate on income over $10 million dollars, legions of conservatives proved just how ignorant they are about marginal tax rates. And the predictable howling began from the usual suspects, among them: Rep. Steve Scalise claimed the government would take 70% of […]