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Video: Seth Meyers on a Nightmarish Trump Week That's Only Half Over

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lawhawk7/27/2017 6:08:04 am PDT

A 44% tax?

That’s pretty much what Clinton was proposing and the GOP were slamming her for a tax hike.

Mind you that the marginal rate isn’t the same as the effective rate, so the GOP would likely screw around so that even though there’s a higher rate, they’d end up paying far less than someone in a lower tax bracket because their income is treated different (like say cutting capital gains tax rate significantly, which is where many millionaires see much of their income generated).