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Edited on Sun Jan-24-10 02:54 AM by Divine Discontent
to be bold - and raise the tax rate back up on the millionaires and billionaires who have sucked from the teet of American worker sacrifice and taken our money we give their companies for overpriced insurance premium, products, fees & penalties. I know you'll sign anything that the Democratic controlled Congress would send your way that helps stabilize America for suffering millions. Then, turn around and use the billions to enact some form of guaranteed health CARE, whatever way Congress can devise it so that it benefits the nation, for the couple hundred million Americans who really don't have enough to get by for more than a few months if they lose their job. Most people are still for health care for all, and expect Congress and the President to figure it out and JUST DO IT. I find it very unfortunate that as a country, we have seen the top tax rate for taxable income over a specific amount, drop for the richest of Americans to about half as high as it has been over much of the past 100 years. I notice that when America was going through a very rough period, it was raised - I am pretty sure that most Americans are for raising certain tax rates on millionaires and billionaires, and we are certainly hurting in our states, our communities, and struggling to pay basic bills in our own homes. Maybe if you all in D.C. looked out for us we'd be energized to support the candidates. Historical rates (married couples, filing jointly) Table Year Top Marginal tax rate (%) on earned income, if different Taxable income over 1917 67 2,000,000 1918 77 1,000,000 1919 73 1,000,000 1920 73 1,000,000 1921 73 1,000,000 1922 58 200,000 1923 43.5 200,000 1924 46 500,000 1925 25 100,000 1926 25 100,000 1927 25 100,000 1928 25 100,000 1929 24 100,000 1930 25 100,000 1931 25 100,000 1932 63 1,000,000 1933 63 1,000,000 1934 63 1,000,000 1935 63 1,000,000 1936 79 5,000,000 1937 79 5,000,000 1938 79 5,000,000 1939 79 5,000,000 1940 81.1 5,000,000 1941 81 5,000,000 1942 88 200,000 1943 88 200,000 1944 94 <2> 200,000 1945 94 <2> 200,000 1946 86.45 <3> 200,000 1947 86.45 <3> 200,000 1948 82.13 <4> 400,000 1949 82.13 <4> 400,000 1950 84.36 400,000 1951 91 <5> 400,000 1952 92 <6> 400,000 1953 92 <6> 400,000 1954 91 <7> 400,000 1955 91 <7> 400,000 1956 91 <7> 400,000 1957 91 <7> 400,000 1958 91 <7> 400,000 1959 91 <7> 400,000 1960 91 <7> 400,000 1961 91 <7> 400,000 1962 91 <7> 400,000 1963 91 <7> 400,000 1964 77 400,000 1965 70 200,000 1966 70 200,000 1967 70 200,000 1968 75.25 200,000 1969 77 200,000 1970 71.75 200,000 1971 70 60 200,000 1972 70 50 200,000 1973 70 50 200,000 1974 70 50 200,000 1975 70 50 200,000 1976 70 50 200,000 1977 70 50 203,200 1978 70 50 203,200 1979 70 50 215,400 1980 70 50 215,400 1981 69.125 50 215,400 1982 50 85,600 1983 50 109,400 1984 50 162,400 1985 50 169,020 1986 50 175,250 1987 38.5 90,000 1988 28 <8> 29,750 <8> 1989 28 <8> 30,950 <8> 1990 28 <8> 32,450 <8> 1991 31 82,150 1992 31 86,500 1993 39.6 89,150 1994 39.6 250,000 1995 39.6 256,500 1996 39.6 263,750 1997 39.6 271,050 1998 39.6 278,450 1999 39.6 283,150 2000 39.6 288,350 2001 39.1 297,350 2002 38.6 307,050 2003 35 311,950
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