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supraTruth (352 posts) Send PM | Profile | Ignore | Mon Jul-18-11 07:59 PM Original message |
From 1940 - 1963 (23 YEARS!) the top marginal U.S. Income Tax Rate was 81% to 94%, & yet we became |
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yardwork (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 08:04 PM Response to Original message |
1. Reagan was elected in 1980 and the taxes of the wealthy came tumbling down. |
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former9thward (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 08:07 PM Response to Reply #1 |
3. From the chart it looks like it started with Kennedy. |
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yardwork (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 08:09 PM Response to Reply #3 |
4. I'm not seeing that. Yes, the top level went down, but not drastically until after 1981. |
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jmowreader (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 08:20 PM Response to Reply #3 |
6. Kennedy was a one-time deal that will never happen again |
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former9thward (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:36 PM Response to Reply #6 |
13. War Spending? |
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hootinholler (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 08:45 PM Response to Reply #3 |
9. Johnson |
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RZM (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 08:07 PM Response to Original message |
2. I agree we should raise the rates |
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badtoworse (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 08:19 PM Response to Original message |
5. You're only telling half the story. The tax code was very different then. |
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supraTruth (352 posts) Send PM | Profile | Ignore | Mon Jul-18-11 08:22 PM Response to Reply #5 |
7. Do U REALLY believe that tax shelters & deductions are not as numerous today? |
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badtoworse (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 08:27 PM Response to Reply #7 |
8. Yes. Please PM me if you know of any that are as good as the pre-1986 shelters |
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JHB (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:00 PM Response to Original message |
10. The major effect of the high marginal rates wasn't the direct levy on the wealthy... |
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JHB (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:04 PM Response to Original message |
11. Full historical brackets (not just the top rates can be found... |
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Major Hogwash (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:10 PM Response to Original message |
12. This is veritas!!! Why can't the American people see through the smokescreen of corporatism!! |
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sammytko (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 09:40 PM Response to Original message |
14. Only 1 person was taxed at the highest rate - John D. Rockefeller |
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Motown_Johnny (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:04 PM Response to Reply #14 |
15. Who was your history professor? Glenn Beck? |
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sammytko (1000+ posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:15 PM Response to Reply #15 |
16. nope |
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21st Century FDR (398 posts) Send PM | Profile | Ignore | Mon Jul-18-11 10:29 PM Response to Original message |
17. First, all the loopholes must be eliminated |
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DU AdBot (1000+ posts) | Fri Oct 18th 2024, 12:26 AM Response to Original message |
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