Hot Ham, er, Scottie Walker just stupid or just lying to fifth graders (and still stupid)?
Explaining tax rates before Reagan to 5th graders: “Imagine if you did chores for your grandma and she gave you $10. When you got home, your parents took $7 from you.” The students said: “That’s not fair!” Even 5th graders get it.
— Scott Walker (@ScottWalker) January 15, 2019
Um, in order for Mom & Dad to take away $7 Ameros with a 70% top marginal rate, the grandchild would have to have earned $10,000,010 Ameros from Grandma.
And that’s how one explains marginal tax rates to children and former WI Governors.