Discussion in 'Politics' started by Truthmatters, Aug 23, 2010.
Top US Marginal Income Tax Rates, 1913--2003 (TruthAndPolitics.org)
What pattern jumps out at you?
1925 25 100,000
1926 25 100,000
1927 25 100,000
1928 25 100,000
1929 24 100,000
$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.
that truthmatters is a partisan shill....
National Taxpayers Union - History of Federal Individual Income Bottom and Top Bracket Rates
this one goes all the way to 2008
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
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.
This post falls under #1 on my list of policies.
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.
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.
Separate names with a comma.