BlogJanuary 14, 2019July 24, 2023 Ocasio-Cortez’s Proposed 70 Percent Top Marginal Income Tax Rate Would Deter Innovation
BlogJanuary 14, 2019July 24, 2023 How Much Revenue Would a 70% Top Tax Rate Raise? An Initial AnalysisDue to a narrow tax base and a decrease in capital gains realizations, Congresswoman Ocasio-Cortez’s plan to tax income above $10 million would not raise as much revenue as intended. See our 10-year revenue estimates.