81% agree, raise taxes

[boedicca]

Under Eisenhower, a republican, the richest were taxed at 91%. That was when we got our interstate highway system.

This is so historically and economically ignorant.

In 1956, the top marginal tax rate of 91% for a married couple filing jointly only applied to incomes over $200,000, which is nearly $3.4 MILLION today.

And note the higher rates back then at lower levels of income (the 30% rate applies to the equivalent of approx. $100K today)

The Tax Foundation - U.S. Federal Individual Income Tax Rates History, 1913-2011

Inflation Calculator | Find US Dollar's Value from 1913-2011


The real lesson to draw from past rates is that more of the income tax burden was born by people at lower levels of income than today. With lower rates for wealthier taxpayers, they actually pay a higher share of the income tax burden.

In 2010, the top 10% of taxpayers paid nearly 70% of individual income taxes.

Contrast that with 50% in 1977 (the earliest I could find, with a top tax rate of 70% on incomes over $737K in today's dollars)

http://www.cbo.gov/doc.cfm?index=1545&type=0

I can't find equivalent data for 1956, but given that the share of income tax collection as a % of GDP 17.4% (very close to the 18-19% average trend), the high taxes on The Rich didn't generate additional tax receipts.

Federal Income Taxes, as a Share of GDP, Drop to Lowest Level Since 1942, According to Final Budget Data, 10/21/03

 

[skookerasbil]

I think back to the dreary days in late 2008 when things sucked...............and then think about how much of a fcukking hoot it is on this forum these days as the entire BS ideology of the left is being decimated before our very eyes!!!

 

[grunt11b]

That we should raise taxes on the wealthy in our time of need. So who are all these people in congress who are against it and why?

I say tighten up deductions, work on elimination of abuse, get overhead down, get rid of programs that don't work, bring some of our troops home, and get rid of the last TAX cut for any income over 25,000.
Then put a 2% add on for all income over 250,000.
Take SS tax all the way up to 1/2 million for workers and base SS on need. every dollar in income over 50,000 cost you .25 cents off your monthly SS payment.

Republicans come on now, your always saying you was sent to washington to do what the people wanted, well 81% want you to raise taxes esp on those at the top.

Now poll only the middle class working man and see what the results would be. Of course when you poll the entitlement wanting welfare recipients they will say raise taxes, they are getting shit for free!!!! Poll the working man who actually gets less back each april 15th then he put in and see how low that number drops.
You Liberals are all the same, you distort the numbers and cater to only your agenda, you are not going to fool anyone around here as long as I am here to explain your bullshit to them.
Can you honestly say that 81% of working class citizens want there taxes raised? If so, you're a damn liar and you know it.

 

[Charles_Main]

That we should raise taxes on the wealthy in our time of need. So who are all these people in congress who are against it and why?

I say tighten up deductions, work on elimination of abuse, get overhead down, get rid of programs that don't work, bring some of our troops home, and get rid of the last TAX cut for any income over 25,000.
Then put a 2% add on for all income over 250,000.
Take SS tax all the way up to 1/2 million for workers and base SS on need. every dollar in income over 50,000 cost you .25 cents off your monthly SS payment.

Republicans come on now, your always saying you was sent to washington to do what the people wanted, well 81% want you to raise taxes esp on those at the top.

It is not shocking that 81% want to raise taxes on those they perceive as rich. I would bet though that there were not many rich in that poll. 49% of Americans paid not Federal Taxes at all last year. I wonder how many of them were polled in this poll. LOL

As one of our founders once said, the day the people realize they can vote themselves money is the day our Republic Dies.

 

[Truthmatters]

then how do you explain decades of America having tax rates on the top well over 50 %

 

[xsited1]

81% say raise taxes on the rich

This is why democracies always fail. (And rest assured, the American Republic is almost gone.)

 

[Truthmatters]

Responsible Wealth | United for a Fair Economy



Responsible Wealth
Responsible Wealth, a project of United for a Fair Economy, is a network of over 700 business leaders and wealthy individuals in the top 5% of income and/or wealth in the US who use their surprising voice to advocate for fair taxes and corporate accountability.

 

[DiveCon]

Under Eisenhower, a republican, the richest were taxed at 91%. That was when we got our interstate highway system.

then lets put back in all the things that were deductible from taxes back then too

 

[BolshevikHunter]

Where did I say the dems were immune?

Here.......

"The right loves it that way."?

Maybe next time just leave that part out so it doesn't come across that way. ~BH

That in no way says the dems are immunune from the money.

Its jsut the right likes the system like that and the left doesnt.

There are plenty of dems who sell out.

You just pretend the left doesnt see that.

Actually, Don't tell me what I pretend to not see. Fact is, The Left are suicidal, mentally ill nutcases who are a very big part of the reason that this Nation is now going Bankrupt. Face it, Your Socialist experiment is a 100% failure. You tried and it is clear that you have failed. You failed with the Soviet Union, you have failed in South America, You have failed in Europe and now you have failed in The United States of America. Your Unions and socialist programs have bled this Country dry. All your fantasies of $150,000 a year pensions payments have been smashed. The lies have been exposed.

You were supposed to wake up after The Auto Workers Union couldn't pay you what they promised you. However, You will never wake up because like I said, You Socialists are suicidal and destroyers of Nations. Walker is now doing what should have been done long ago. And there you have it, another example of the complete breakdown of you peoples mentally ill ideology. ~BH

 

[Charles_Main]

then how do you explain decades of America having tax rates on the top well over 50 %

How do you explain the massive period of Economic Growth Following both when JFK and then When Reagan cut the top rates?

Or do you just try and ignore that inconvenient fact?

 

[DiveCon]

then how do you explain decades of America having tax rates on the top well over 50 %

more things were deductible then too
and fewer made into those brackets

 

[Truthmatters]

What were the tax rates on the top bracket in their days?

 

[boedicca]

then how do you explain decades of America having tax rates on the top well over 50 %

How do you explain the massive period of Economic Growth Following both when JFK and then When Reagan cut the top rates?

Or do you just try and ignore that inconvenient fact?

TMN can't handle facts.

You should know that by now, cutie.

 

[DiveCon]

Here.......



Maybe next time just leave that part out so it doesn't come across that way. ~BH

That in no way says the dems are immunune from the money.

Its jsut the right likes the system like that and the left doesnt.

There are plenty of dems who sell out.

You just pretend the left doesnt see that.

Actually, Don't tell me what I pretend to not see. Fact is, The Left are suicidal, mentally ill nutcases who are a very big part of the reason that this Nation is now going Bankrupt. Face it, Your Socialist experiment is a 100% failure. You tried and it is clear that you have failed. You failed with the Soviet Union, you have failed in South America, You have failed in Europe and now you have failed in The United States of America. Your Unions and socialist programs have bled this Country dry. All your fantasies of $150,000 a year pensions payments have been smashed. The lies have been exposed.

You were supposed to wake up after The Auto Workers Union couldn't pay you what they promised you. However, You will never wake up because like I said, You Socialists are suicidal and destroyers of Nations. Walker is now doing what should have been done long ago. And there you have it, another example of the complete breakdown of you peoples mentally ill ideology. ~BH

TneverM is a massive hyper-partisan liar

 

[Truthmatters]

Income tax in the United States - Wikipedia, the free encyclopedia


The facts have been posted before

Go look




- 1.5% 46% IRS
1925-1928 - 1.5% 25% IRS
1929 - 0.375% 24% IRS
1930-1931 - 1.125% 25% IRS
1932-1933 - 4% 63% IRS
1934-1935 - 4% 63% IRS
1936-1939 - 4% 79% IRS
1940 - 4.4% 81.1% IRS
1941 - 10% 81% IRS
1942-1943 - 19% 88% IRS
1944-1945 - 23% 94% IRS
1946-1947 - 19% 86.45% IRS
1948-1949 - 16.6% 82.13% IRS
1950 - 17.4% 84.36% IRS
1951 - 20.4% 91% IRS
1952-1953 - 22.2% 92% IRS
1954-1963 - 20% 91% IRS
1964 - 16% 77% IRS
1965-1967 - 14% 70% IRS
1968 - 14% 75.25% IRS
1969 - 14% 77% IRS
1970 - 14% 71.75% IRS
1971-1981 15 brackets 14% 70% IRS
1982-1986 12 brackets 12% 50% IRS
1987 5 brackets 11% 38.5% IRS
1988-1990 3 brackets 15% 28% IRS
1991-1992 3 brackets 15% 31% IRS
1993-2000 5 brackets 15% 39.6% IRS
2001 5 brackets 15% 39.1% IRS
2002 6 brackets 10% 38.6% IRS
2003-2009 6 brackets 10% 35% Tax Foundation

 

[DiveCon]

What were the tax rates on the top bracket in their days?

dont just look at the tax rates, moron, also look at what was deductible then

 

[DiveCon]

Income tax in the United States - Wikipedia, the free encyclopedia


The facts have been posted before

Go look

you still cant see the forest for the trees

 

[Rozman]

That we should raise taxes on the wealthy in our time of need. So who are all these people in congress who are against it and why?

I say tighten up deductions, work on elimination of abuse, get overhead down, get rid of programs that don't work, bring some of our troops home, and get rid of the last TAX cut for any income over 25,000.
Then put a 2% add on for all income over 250,000.
Take SS tax all the way up to 1/2 million for workers and base SS on need. every dollar in income over 50,000 cost you .25 cents off your monthly SS payment.

Republicans come on now, your always saying you was sent to washington to do what the people wanted, well 81% want you to raise taxes esp on those at the top.

Why don't we get it over with and just confiscate all their assets? I'm sure that would be just a good way to get started right Libs?.

Then when all that wealth has been stolen and spent by the government because that's what government loves to do....spend.Then where do we go to get the revenue to make the Libs happy.

Do we go after the ones making $100,000.00 a year?
$50,000.00 a year....

Look if you feel that the government is not getting enough tax money I'm sure when you file your return in the next few weeks you can make arrangements to hand over more of your income to the government....Do that and get back to me ok?

 

[DiveCon]

That we should raise taxes on the wealthy in our time of need. So who are all these people in congress who are against it and why?

I say tighten up deductions, work on elimination of abuse, get overhead down, get rid of programs that don't work, bring some of our troops home, and get rid of the last TAX cut for any income over 25,000.
Then put a 2% add on for all income over 250,000.
Take SS tax all the way up to 1/2 million for workers and base SS on need. every dollar in income over 50,000 cost you .25 cents off your monthly SS payment.

Republicans come on now, your always saying you was sent to washington to do what the people wanted, well 81% want you to raise taxes esp on those at the top.

Why don't we get it over with and just confiscate all their assets? I'm sure that would be just a good way to get started right Libs?.

Then when all that wealth has been stolen and spent by the government because that's what government loves to do....spend.Then where do we go to get the revenue to make the Libs happy.

Do we go after the ones making $100,000.00 a year?
$50,000.00 a year....

Look if you feel that the government is not getting enough tax money I'm sure when you file your return in the next few weeks you can make arrangements to hand over more of your income to the government....Do that and get back to me ok?

thing is
even if the confiscated ALL the wealth, it still wouldnt balance the budget


for some reason these hyper-partisans think the government can just keep spending more and more money

 

[boedicca]

TMN also doesn't grok the concept of INFLATION and that the high rates of yesteryear applied to incredibly high levels of income in today's dollars.

i.e., in 1917, the top rate of 67% applied to incomes over $2M, which is $34.4M in 2011 dollars. Not very many people earned that much money back then.