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I think the top tier will have to be a little higher than the Obama era. Clinton/Gore balanced the budget with an Obama-like 40% top tier. Because we now have to pay so much more in interest on the debt, the top tier will have to be about 50%. Once balanced, it could return to 40%.
The problem with this is tax rates do not mean anything when the IRS has 70,000 pages of deductions and loopholes. For example
For 2015, the President filed jointly with the First Lady, Michelle Obama, and reported adjusted gross income of $436,065 for 2015 — down about 8% from last year — and paid $81,472 in federal taxes. That makes his effective tax rate is 18.7%, according to tax releases from the White House.
Obama and Michelle were in the 40% tax rate, based on the Obama tax rate schedule, yet he paid only 18.7% in taxes. The problem with tax rates is they are misleading; scam. Only the poor people pay the full percent. Obama was paying the same tax rate as someone who made $40,000, but fake news and Democrats will call it 40%. In the the end, the poor and middle class pay more, due to fewer loopholes and deductions.
The reason the Democrats like tax rates is because they know that leaving open the loopholes and deduction is how you get campaign donations from the rich and mega rich. The 70,000 pages of IRS loopholes is a whose who of campaign donation scams, that is so entangled, it is always easy to add more and more pages for new donations.
If Obama had been in an honest 20% tax bracket, with no loopholes, we could increase tax revenues. It would look like we did him a favor by decreasing his rate from 40% to 20%. An honest number is never pledged by the Democrats. The Democrats will promote a 90% rate for the rich. Then they will approach the same people with loopholes, so their effective rate is 20%, if they pay a donation. The little guy cannot offer this, so he pays more, killing the middle class.
What I would do, is look at the effective rates of the Fortune 500 companies and top 500 rich people, after all donations and loopholes. Then we add 1 percent to create an honest rate, across the board, with no loopholes. Then we burn the 70,000 pages of donation scams. The swamp will be drained due to transparency and no smoky backrooms of legal complexity to run deals.