Check this chart of top marginal taxes for decades

[Truthmatters]

Top US Marginal Income Tax Rates, 1913--2003 (TruthAndPolitics.org)


What pattern jumps out at you?

 

[Truthmatters]

1925 25 100,000
1926 25 100,000
1927 25 100,000
1928 25 100,000
1929 24 100,000

 

[boedicca]

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.

 

[Yurt]

Top US Marginal Income Tax Rates, 1913--2003 (TruthAndPolitics.org)


What pattern jumps out at you?

that truthmatters is a partisan shill....

 

[Truthmatters]

National Taxpayers Union - History of Federal Individual Income Bottom and Top Bracket Rates

this one goes all the way to 2008

 

[Truthmatters]

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

 

[8537]

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.

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.

 

[boedicca]

National Taxpayers Union - History of Federal Individual Income Bottom and Top Bracket Rates

This post falls under #1 on my list of policies.

http://www.usmessageboard.com/the-flame-zone/129899-my-policies.html

 

[boedicca]

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

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.

 

[Avatar4321]

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.

 

[8537]

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.

 

[Truthmatters]

where in that chart is two depressions?

 

[ConHog]

LOL TM how much do you get paid to spew your crap?

 

[Truthmatters]

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 facts just do not bear out the right wing fear of high top marginal rates being high ruins the economy.


Thanks for you input

 

[The Infidel]

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.

 

[Truthmatters]

6 of reagans 8 years were 50% or over.

You guys thought that was great times remember?

 

[Truthmatters]

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.

Where in that chart is your guys ideas proven out?

 

[The Infidel]

Top US Marginal Income Tax Rates, 1913--2003 (TruthAndPolitics.org)


What pattern jumps out at you?

Your posts are crap

 

[Truthmatters]

LOL TM how much do you get paid to spew your crap?

These are cold hard facts dicklick.

What part of these facts do you think are crap?

 

[boedicca]

TM is the poster moron for the Heartbreak of Economic Illiteracy.

She also consistently displays a complete lack of understanding of the difference between correlation, causality, and random association.