Check this chart of top marginal taxes for decades

Discussion in 'Politics' started by Truthmatters, Aug 23, 2010.

  1. Truthmatters
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    1925 25 100,000
    1926 25 100,000
    1927 25 100,000
    1928 25 100,000
    1929 24 100,000
     
  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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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.
     
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    Last edited: Aug 23, 2010
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    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 is why we had great schools and infrastructure
     
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    and in 1933 that marginal bracket was increased to 1,000,000 - or 12,500,000 in today's dollars. Certainly no top bracket that starts at 12,500,000.
     
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    TM,

    Have you ever heard of the Money Supply and The Federal Reserve?

    And those 91% tax rates in the 1950s were at at income levels above $400,000 - which in 2010 dollars would be over $3,000,000.

    THREE MILLION DOLLARS is quite a bit higher than the TWO HUNDRED FIFTY THOUSAND DOLLARS that Obama has defined as The Rich.
     
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    Last edited: Aug 23, 2010
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    Avatar4321 Diamond Member Gold Supporting Member

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    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.
     

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