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I agree on the "why bonuses only?" point. Just add a bunch of higher tax rate brackets to the existing ones. In the UK, for instance, the 40% maximum tax rate kicks in around GPB40k gross annual income. There is lots of room at the top for brackets with higher tax rates.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Mon Feb 2nd, 2009 at 03:39:43 AM EST
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