Man that sounds downright scary. 40% and more?
I'm thinking that with the new administration that we may finally get some tax relief. Of course the socialists here are fighting that tooth and toenail! If I were them I would fight it too. Their power is directly proportional to the money they can steal fron us.
For years I have advocated the abolition of the income tax, to be replaced with a federal sales tax of 5% on everything except food, clothing and shelter. Everyone pays it, no exceptions. Individuals, corporations, churches, whatever. In that way the HUGE underground economy here in the States would be taxed, same as everyone else. Another benefit would be the elimination of all the damn paperwork!