For a single person, you'll hit that tax bracket after more than $500,000 in income. This is an absolutely enormous amount of money - roughly 10x the median income. I have absolutely zero problem with income beyond this amount being taxed at 50%.
I make around $600,000. My effective federal tax rate is in the low-mid 20s. I'd have to make way way way more money for my effective federal + state rates to approach 50%.
I make around $600,000. My effective federal tax rate is in the low-mid 20s. I'd have to make way way way more money for my effective federal + state rates to approach 50%.