The Federal tax rate at that level is 38%
The problem isn’t the billionaires, the problem is the tax code. Do away with the tax code.
5% 0 - 500k
10% 501k - 5M
15% 5M
Tax Corporations 25% 1% for every 1% of their workforce outside the US.
50% of your jobs are overseas, your tax is 75%. Bring back 30%, tax drops to 45%.
No writeoffs, no deductions.