Truthmatters
Diamond Member
- May 10, 2007
- 80,182
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- #1
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Interesting.
$100,000 in 1925 is $1,250,000 in 2010 dollars. We have no tax bracket now that begins at that level.
Thank you for sharing.
the two historic lows were followed by a economic collapse.
The great iconic 50s the right wishes to go back to had a 91% tax rate.
That us why we had great schools and infrastructure
The obvious ones, when a depression hits and taxes are lowered, there is economic growth. When a Depression hits and taxes are raised there is a longer depression.
Maybe we should stop raising taxes and driving people with money to other locations and simply encourage them to spend their money in the US.
The obvious ones, when a depression hits and taxes are lowered, there is economic growth. When a Depression hits and taxes are raised there is a longer depression.
Maybe we should stop raising taxes and driving people with money to other locations and simply encourage them to spend their money in the US.
The top effective rate wasn't really increased during the depression - people making between 100,000 and a bit over a million were unaffected and that's the equivalent of 12.5M today.
But FWIW, after that 1932-3 increase the economy experienced some of its most rapid growth in US history for four years.
The obvious ones, when a depression hits and taxes are lowered, there is economic growth. When a Depression hits and taxes are raised there is a longer depression.
Maybe we should stop raising taxes and driving people with money to other locations and simply encourage them to spend their money in the US.
The obvious ones, when a depression hits and taxes are lowered, there is economic growth. When a Depression hits and taxes are raised there is a longer depression.
Maybe we should stop raising taxes and driving people with money to other locations and simply encourage them to spend their money in the US.
Dont let facts ruin TM's fun.
LOL TM how much do you get paid to spew your crap?