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Reagan lowered the top income tax rate from 50% to 28%, and the economy began to thrive.50%?......Do you not understand what that will do to investment and job growth?
Lunatics!
what was the top tax rates under reagan?
Next.
50%?......Do you not understand what that will do to investment and job growth?
They don't say anything about the top 400 - who paid an average of 17% last year.
And Warren Buffet stills pay tax at a lower rate than his secretary. His secretary is probably well paid - after all, Buffet needs the best he can get and can afford it - but since her income is "ordinary income" it is taxed at a higher rate that most of Buffet's income.
I personally think all income above 1 mil should be taxed at 50% minus whatever you pay in state and local taxes on it.
Lunatics!
Yeah, the economy went through the roof after the cut went into effect.....The recovery began to improve earlier when he began speaking of the cut, and wasn't constantly threatening war on business.Reagan lowered the top income tax rate from 50% to 28%, and the economy began to thrive.what was the top tax rates under reagan?
Next.
It only began to thrive in the last 2 years of his administration?
Next.
eHow & wikipedia, the 2 giants of credible sources.
Perhaps you'd like this better:
Historical Top Tax Rate
(Or maybe not.)
Note this.
The income tax rate was consistently low before the Great Depression, except during the World War I years and for a few years thereafter to help pay down the war debt.
The tax rate was raised to 63% in 1932 under President Hoover in an attempt to balance the budget. (Hoover also cut spending which was a bad idea.) (Roosevelt did the same thing in 1936, when it was still a bad idea. But I'm digressing.)
The rate remained high throughout the Depression but really soared during World War II, reaching a high of 94% in 1945. It remained in the 80s to 90s from then until 1964, when it dropped into the 70s. It remained at 70% or higher until 1981, when Reagan pushed a cut to 50% through Congress. The really big change came in 1986, when Reagan introduced the tax system reform that flattened the tax brackets while cutting out some deductions and raising the payroll tax. The net effects of this were 1) putting more of the tax burden on those of lower income and less on the very wealthy, and 2) eliminating the preference in the tax code for investment in job-creating activities, which began the switch to investing in financial shell-games.
Changes to the top tax rate since 1986 have been only tinkering around the margins. The rate has ranged from a high of 39.6% during the Clinton years (still much, much lower than in the past) to a low of 35% today. The tax system we have is still essentially that of Reagan.
A final note:
Measured by annual average growth in per capita real GDP, the years from 1940 to 1980 -- featuring very high top marginal tax rates -- outperformed the years from 1900 to 1940 and those from 1980 to the present alike by more than two to one.
Conclusion: high top marginal taxes do not hurt the economy and may well help it.
Yeah, the economy went through the roof after the cut went into effect.....The recovery began to improve earlier when he began speaking of the cut, and wasn't constantly threatening war on business.Reagan lowered the top income tax rate from 50% to 28%, and the economy began to thrive.
Next.
It only began to thrive in the last 2 years of his administration?
Next.
Look at what Obama's continued threats towards job creators have done to the economy......It caused them to sit on their hands, and not take the risks that define captalism.
NEXT!
Don't you just love how she only reads the first paragraph of her links, without bothering to read the rest to see if it might come back and bite her in the ass??
I think she likes to have her ass bitten.
Do you not understand that small businness owners use a good portion of their personal income to invest, reinvest, and grow?50%?......Do you not understand what that will do to investment and job growth?They don't say anything about the top 400 - who paid an average of 17% last year.
And Warren Buffet stills pay tax at a lower rate than his secretary. His secretary is probably well paid - after all, Buffet needs the best he can get and can afford it - but since her income is "ordinary income" it is taxed at a higher rate that most of Buffet's income.
I personally think all income above 1 mil should be taxed at 50% minus whatever you pay in state and local taxes on it.
Lunatics!
Bullshit. It's a lie and you guys take the bait hook line and sinker.
1. Payroll and related expenses are pre-tax.
2. Investment, whether written off immediately or over a period of years, is pre-tax. (I would BTW support restructuring the tax code to allow business owners to take their depreciation credit faster to spur further investment)
3. I believe he's referring to personal income taxes. Corporations write off their _ENTIRE_ payroll expenditure, regardless of the personal tax rate of their employees.
What is the Annual Average Income of Small Business Owners? | eHow.com
Industry
Small business owners can be found in a variety of different industries. According to a June 2010 finding by Payscale.com, those small business owners in the industry of construction are earning top salaries of up to $100,562 annually. Their counterparts in the industry of retail are closely matched, reporting earning up to $100,229 annually. Small business owners working in the landscape industry report earnings of up to $79,327 a year, and those working in the cleaning services business report top earnings of $65,060 each year
Read more: What is the Annual Average Income of Small Business Owners? | eHow.com What is the Annual Average Income of Small Business Owners? | eHow.com
Search engine DuckDuckGo's CEO Gabriel Weinberg has criticized eHow, along with other Demand Media websites, labeling the company a "content mill," because of the website's search engine driven content, low article quality and low writer salaries. DuckDuckGo filters out eHow content because of Weinberg's perception that Demand Media produces low-quality content designed specifically to rank highly in Google Searches for the purposes of promoting advertising.[4]
Another search engine, Blekko also regards eHow as spam, blacklists the site and filters eHow results out.[5]
Wired magazine has also criticized eHow and Demand Media, calling their content: "slapdash" and a "factory stamping out moneymaking content"
How the Hell would you know?Quit lying about what small business owners make
I say let them reap the destruction they have sewn for themselves.e-how?.........It's already been debunked, numbnuts!
Christ, trying to get throiugh to tax and spend liberals, is akin to arguing with idiots.
There's no point in it.....And idiots like TDM and several others up here will follow Obama and his economically illiterate ass straight over the fucking cliff.
Quit lying about what small business owners make
What is the Annual Average Income of Small Business Owners? | eHow.com
Industry
Small business owners can be found in a variety of different industries. According to a June 2010 finding by Payscale.com, those small business owners in the industry of construction are earning top salaries of up to $100,562 annually. Their counterparts in the industry of retail are closely matched, reporting earning up to $100,229 annually. Small business owners working in the landscape industry report earnings of up to $79,327 a year, and those working in the cleaning services business report top earnings of $65,060 each year
Read more: What is the Annual Average Income of Small Business Owners? | eHow.com What is the Annual Average Income of Small Business Owners? | eHow.com
The Average Income of Small Business Owners | Small Business - Chron.com
Average Income by Experience
According to compensation survey administrator PayScale in 2010, the average income of small business owners varies widely depending upon their level of experience. For example, small business owners with less than one year of experience in running an organization earn an annual salary ranging from $34,392 to $75,076. Those with more than 10 years experience, on the other hand, earn upwards of $105,757 per year.
Average Income by Gender
The average income of small business owners is also affected by gender. Males earn a median annual salary that far surpassed their female counterparts. Payscales report indicated that men who own small businesses earn a salary that ranges from $42,575 to $96,111. Women, on the other hand, only earn $31,380 to $71,140 every year.
What is the Annual Average Income of Small Business Owners? | eHow.com
Industry
Small business owners can be found in a variety of different industries. According to a June 2010 finding by Payscale.com, those small business owners in the industry of construction are earning top salaries of up to $100,562 annually. Their counterparts in the industry of retail are closely matched, reporting earning up to $100,229 annually. Small business owners working in the landscape industry report earnings of up to $79,327 a year, and those working in the cleaning services business report top earnings of $65,060 each year
Read more: What is the Annual Average Income of Small Business Owners? | eHow.com What is the Annual Average Income of Small Business Owners? | eHow.com
I have asked you several times to provide a more recent poll, showing Obama is more trusted on the deficit.
Can you... or can you not?
It's a fairly simple question TM.. even one with your limited mental faculties should be able to answer it.
