Effective tax rates on the top 1% for 100 years

Discussion in 'Politics' started by Truthmatters, Mar 25, 2009.

  1. Truthmatters
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  2. Truthmatters
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    Look at the chart and soak it in.

    When you have gotten a feel for what the top 1% have paid during our history think about the years everyone thinks were the Glory years...the 50s.... then think of the years that lead to horrible economic messes.....Right before the 1929 crash.......the years right before this mess............... Now go look at the tax rates in each of those periods.


    See the pattern?
     
  3. Truthmatters
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    Tax year Top marginal
    tax rate (%) Top marginal
    tax rate (%) on
    earned income,
    if different<1> Taxable
    income over--
    1913......... 7..... 500,000
    1914......... 7 ..... 500,000
    1915......... 7 ..... 500,000
    1916......... 15 ..... 2,000,000
    1917......... 67..... 2,000,000
    1918......... 77..... 1,000,000
    1919......... 73 ..... 1,000,000
    1920......... 73..... 1,000,000
    1921......... 73..... 1,000,000
    1922......... 58..... 200,000
    1923......... 43.5..... 200,000
    1924......... 46..... 500,000
    1925......... 25..... 100,000
    1926......... 25..... 100,000
    1927......... 25..... 100,000
    1928......... 25..... 100,000
    1929......... 24..... 100,000
    1930......... 25..... 100,000
    1931......... 25..... 100,000
    1932......... 63..... 1,000,000
    1933......... 63..... 1,000,000
    1934......... 63..... 1,000,000
    1935......... 63..... 1,000,000
    1936......... 79..... 5,000,000
    1937......... 79..... 5,000,000
    1938......... 79..... 5,000,000
    1939......... 79..... 5,000,000
    1940......... 81.1..... 5,000,000
    1941......... 81..... 5,000,000
    1942......... 88..... 200,000
    1943......... 88..... 200,000
    1944......... 94..... <2>..... 200,000
    1945......... 94..... <2>..... 200,000
    1946......... 86.45..... <3> 200,000
    1947......... 86.45..... <3> 200,000
    1948......... 82.13..... <4> 400,000
    1949......... 82.13..... <4> 400,000
    1950......... 84.36..... 400,000
    1951......... 91..... <5> 400,000
    1952......... 92..... <6> 400,000
    1953......... 92..... <6> 400,000
    1954......... 91..... <7> 400,000
    1955......... 91..... <7> 400,000
    1956......... 91..... <7> 400,000
    1957......... 91..... <7> 400,000
    1958......... 91..... <7> 400,000
    1959......... 91..... <7> 400,000
    1960......... 91..... <7> 400,000
    1961......... 91..... <7> 400,000
    1962......... 91..... <7> 400,000
    1963......... 91..... <7> 400,000
    1964......... 77..... 400,000
    1965......... 70..... 200,000
    1966......... 70..... 200,000
    1967......... 70..... 200,000
    1968......... 75.25..... 200,000
    1969......... 77..... 200,000
    1970......... 71.75 ..... 200,000
    1971......... 70..... 60 200,000
    1972......... 70..... 50 200,000
    1973......... 70..... 50 200,000
    1974......... 70..... 50 200,000
    1975......... 70..... 50 200,000
    1976......... 70..... 50 200,000
    1977......... 70..... 50 203,200
    1978......... 70..... 50 203,200
    1979......... 70..... 50 215,400
    1980......... 70..... 50 215,400
    1981......... 69.125..... 50 215,400
    1982......... 50..... 85,600
    1983......... 50 ..... 109,400
    1984.......... 50..... 162,400
    1985.......... 50..... 169,020
    1986......... 50..... 175,250
    1987 .........38.5..... 90,000
    1988......... 28..... <8> 29,750 <8>
    1989......... 28..... <8> 30,950 <8>
    1990......... 28..... <8> 32,450 <8>
    1991......... 31..... 82,150
    1992......... 31..... 86,500
    1993......... 39.6..... 89,150
    1994......... 39.6..... 250,000
    1995......... 39.6..... 256,500
    1996......... 39.6..... 263,750
    1997......... 39.6..... 271,050
    1998......... 39.6..... 278,450
    1999......... 39.6..... 283,150
    2000......... 39.6..... 288,350
    2001......... 39.1..... 297,350
    2002......... 38.6..... 307,050
    2003......... 35..... 311,950
     
    Last edited: Mar 25, 2009
  4. bigdaddygtr
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    bigdaddygtr Senior Member

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    are you telling me that Trickle down Economics is complete and utter Bullshit???????? And you're saying that the last 3 major Recessions/Depressions we've had in this country are preceded by 8 years of the wealthiest people doubling and tripling their wealth????????

    No way! Actually, makes complete sense to me but the Cons will somehow find a way to spin it
     
  5. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Oh OK! I see it now!
    Before 1913 we had no Federal Income Tax. After 1913, with help from the Income Tax we participated in Two World Wars as well as numerous conflicts around the globe. We had a major depression followed by many up and down economic cycles.
    It looks to me that the Fed has far too much power and money given to them by our taxes. If we could somehow eliminate Federal taxes, we would diminish their power. Right?
    I mean think about it: Ford Motor Company didn't declare war on Germany and Japan, the Government did! IBM didn't get us into Vietnam, the Government did! OMG, they are the evil ones! :eek:
    We have to diminish our Governments power by reducing their supply of power: Money.

    Wow, thanks for posting that TM.
     
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  6. Againsheila
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    Againsheila Gold Member

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  7. Truthmatters
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    Do you remember the growth of the post WWII times?

    do you remember the BEST SCHOOLS IN THE WORLD?

    Do you remember the times everyone thought were the perfect times for family and country?


    The 50s was a great time according to all.......what was the tax rate on the top 1% at the time?
     
  8. manu1959
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    manu1959 Left Coast Isolationist

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    rich people are evil....they need to have all their money taken from them.....

    and given to the government because as we all know government runs things better than anyone.....

    just look at the recent senate hearings with the big three and aig.....

    isn't it obvious....
     
  9. Truthmatters
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    How well did those corporations do at running them before we had to bail them out?
     
  10. Yurt
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    Yurt Gold Member

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    to claim that the tax rate is responsible for the success in the country is complete naivety. there are numerous factors other than taxes. had taxes been less, it is entirely probably the country would have prospered even more.

    this country obviously was not founded on taxing the wealthy moor than the poor regarding income.
     

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