January 08, 2019
Freshman US Congresswoman Alexandria Ocasio-Cortez made waves in recent days with her suggestion that the US raise its top marginal tax rate to 70 percent for income over $10 million dollars.
To clarify, this does not mean taking 70 percent of everyone's income. It means the government would take 70 percent of any income above $10 million dollars. Currently the top tax rate in the US is 37 percent, but just a few decades ago it was nearly twice that level. Here's how top tax rates have evolved since 1970 in some of the world's largest economies.
More For You
Geoffrey Hinton, the ‘Godfather of AI,’ joins Ian Bremmer on the GZERO World podcast to talk about how the technology he helped build could transform our lives… and also threaten our very survival.
Most Popular
Think you know what's going on around the world? Here's your chance to prove it.
Reform UK leader Nigel Farage holds a post-budget conference in London, United Kingdom, on Nov. 26, 2025.
Phil Lewis/WENN
Nigel Farage, the far-right UK leader, reportedly told donors that he plans to join forces with the center-right Conservative Party ahead of the next election. Right-wing groups in other parts of Western Europe have largely avoided making such an alliance.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.