In an interview which, like all of her interviews, went viral, freshman Democratic Rep. Alexandria Ocasio-Cortez (NY) floated the idea of almost doubling the top income tax rate to 70% to help cover her radical green agenda. But with the top 20% of earners already paying 88.1% of all federal income taxes, would voters really support such a dramatic top rate tax hike?
“People are going to have to start paying their fair share in taxes,” the self-described “democratic socialist” told CNN’s Anderson Cooper in an early January interview. “You look at our tax rates back in the ’60s, and when you have a progressive tax-rate system, your tax rate, let’s say, from $0 to $75,000 may be 10% or 15%, etc. But once you get to the tippy tops, on your 10 millionth dollar, sometimes you see tax rates as high as 60% or 70%. That doesn’t mean all $10 million are taxed at an extremely high rate, but it means that as you climb up this ladder, you should be contributing more.”
.png)
.png)

