Right, But I'll use a 37%, 37% and then I'll use the entire payroll tax which is 15.3%. Correct. The total amount. So what we're in fact If we take the cap off or increase it, we're going to take the 37% top margin rate and increase that to 52.3%. That's a correct analysis. Correct. That sounds correct. So when you said I don't know what the 60% of the problem solved, what was that? That would be eliminate the cap entirely. (02:37–02:44)
CLAIM
Asserts that removing or increasing the cap would raise the top marginal tax rate to 52.3%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
