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The OP had the subject as "What should the top income tax rate be?", so obviously in a perfect world, 0% of income would be taxed.
All taxation should be consumption based, with exceptions for essentials (food, utilities, housing, transportation, education, and healthcare).
Taxing based on "non-essentials" purchasing evens the playing field and is more "fair", as a person making 20k won't be taxed like a person making 2,000,000... This method would also end up taxing a lot of various criminal enterprises, where currently most criminal income is tax free anyway, a consumption based tax would certainly even that out as well.
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