Top tax: why taxing the rich is so confusing

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  Hi,

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  this is Ethan Wu,

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  co-host of Money Talks,

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  our business and finance podcast.

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  Welcome to Editor's Picks.

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  We've handpicked an article we recommend

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  from the most recent edition of The Economist.

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  I hope you enjoy it.

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  If you want to put a policymaker on the spot,

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  ask them what the top rate of income tax should be.

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  The question befuddles everyone.

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  On May 8,

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  President Donald Trump broke with decades of Republican convention

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  when he reportedly urged Mike Johnson,

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  the Speaker of the House of Representatives,

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  to increase America's highest federal levy on incomes from 37% to 39.6%,

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  where it stood before the President's own reforms in 2017.

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  Mr Trump then took to social media

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  to announce that although he would graciously accept such a change

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  in order to help the lower and middle-income workers,

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