Competing tax plans using Roger Goodell's $40,000,000 annual salary as the base.
The Green Option:
40,000,000 - 50,000 (locality index est) = $39,950,000 taxable income
Tax on 1st million at 15% = $150,000
Tax on next $9 million @ 25% = $2,250,000
tax on remainder @ 35% = $10,482,500
Total federal tax bill = $12,882,500
or an effective rate of 32.2%
The Red Option:
Tax on 1st million at 15% = $150,000
Tax on next $9 million @ 45% = $4,050,000
Tax on remaining 29,950,00 @ 75% = $16,846,875
Total federal tax bill on $40,000,000 = $21,046,875, an effective rate of 52.6%
Green (me) wants revenue and does not want the taxpayer to try and hide stuff.
IMO, Red (Kep) is punitive.
I want the plan to be revenue neutral or slightly + to the current plan. If the government gets a big influx of cash, they'll spend it (unwisely).