Hey Obama, JFK cut the top marginal tax rate to 70%

[Procrustes Stretched]

Hey Obama, JFK cut the top marginal tax rate to 70%

JFK _cut_ the top marginal tax rate to 70% tax rate jfk sixties fifties - Google Search

So let me get this straight. While the USA became an economic powerhouse from WWII until JFK, some of the wealthiest people in the world, the richest people in the USA, paid somewhere near and up to 70% in income taxes. To listen to conservatives and their way back when machine, during the 1950s up to the mid 1960's, the economy in the USA is considered a good time in America compared to the times afterward. So some of the greatest innovations and wealth in the world were created during a time when the USA taxed the wealthy at a much more higher rate than it did under Nixon, Reagan and later Presidents.

After JFK/LBJ, we had 8 years of Nixon/Ford. The wealthy were taxed less than pre JFK. Using the conservative's cut taxes for the wealthy arguments the economy must have done better, but evidently it did not.

Enter Ronald Reagan. The wealthy get their taxes cut from 70% to 28%. Along with this corporations get tax breaks, capital gains taxes are cut, and the inheritance taxes of the wealthiest are cut. Deficits also grow. America goes on a credit spree. Deficits don't matter anymore, that is the conservative argument. Before this, conservatives always argued that deficits were bad as others argued deficits that were manageable kept America great. But as the wealthiest and corporations got tax cuts they also went with a soon to be tradition of conservative credit binging.

George W. Bush enters. The wealthiest again get tax cuts. Some of the wealthiest people in the world on Wall Street actually get to pay less taxes than their less wealthy counterparts. Credit binging is as American as apple pie. A reality in many minds exists "who doesn't have a credit card?" as an American creed that justifies 'shopping' as a response to a major terrorist attack.

2008: the bill comes due. Obama enters the picture. Damn him what he does, damn what he doesn't do. America, the once great USA is in the outhouse. Obama flushes the toilet. Conservatives start screaming 'let us out' 'we're trapped' as the flush gets clogged by new arguments that taxes are still too high.

2010: the GOP tries to lead a conservative revolt saying we need to go back to the 'good old' ways.

What is it I'm missing? WWJFKS? What would JFK say? Better yet, what do conservatives say JFK would do? Lower the top tax rate again?

 

[Trajan]

The current six rate brackets are; 10%, 15%, 25%, 28%, 33% and 35%

they will be replaced by five new brackets with the higher rates of;

15%, 28%, 31%, 36% and 39.6%.

everyone got a break under Bush ( as you can plainly see) and everyone takes a hit when they expire.

do I need to add the income levels next to these %'s to?

classwafare; its all you got. facts simply don't back up your hyperbole.

 

[Mr Natural]

With tax rates being what they were back in the '50s and '60s, I would have thought that all the rich would have left by now as some on this board suggest is what will happen if the Bush tax cuts are allowed to expire.

 

[CrusaderFrank]

Dems need to run on tax increases.

 

[Procrustes Stretched]

The current six rate brackets are; 10%, 15%, 25%, 28%, 33% and 35%

they will be replaced by five new brackets with the higher rates of;

15%, 28%, 31%, 36% and 39.6%.

everyone got a break under Bush ( as you can plainly see) and everyone takes a hit when they expire.

do I need to add the income levels next to these %'s to?

classwafare; its all you got. facts simply don't back up your hyperbole.

America was built on class warfare. The wealthy usually wage it against the poor.

 

[Procrustes Stretched]

I don't hate wealth. I don't like bullies. I love truth.

 

[Procrustes Stretched]

With tax rates being what they were back in the '50s and '60s, I would have thought that all the rich would have left by now as some on this board suggest is what will happen if the Bush tax cuts are allowed to expire.

It's an argument I used during the Reign of Reagan the Wealthy Class Warrior.

Too many left wingers, progressives, populists and moderates are too stupid to say what they know too be true for fear of being labeled by the right wing shills for the wealthy.

Shame, fairness is easy to discuss.

 

[Procrustes Stretched]

Dems need to run on tax increases.

why not. the GOP is running on 'We have nothing new'

 

[Trajan]

The current six rate brackets are; 10%, 15%, 25%, 28%, 33% and 35%

they will be replaced by five new brackets with the higher rates of;

15%, 28%, 31%, 36% and 39.6%.

everyone got a break under Bush ( as you can plainly see) and everyone takes a hit when they expire.

do I need to add the income levels next to these %'s to?

classwafare; its all you got. facts simply don't back up your hyperbole.

America was built on class warfare. The wealthy usually wage it against the poor.

tell that to the people whose 10% bracket disappears.........try again theres more...

 

[Trajan]

With tax rates being what they were back in the '50s and '60s, I would have thought that all the rich would have left by now as some on this board suggest is what will happen if the Bush tax cuts are allowed to expire.

It's an argument I used during the Reign of Reagan the Wealthy Class Warrior.

Too many left wingers, progressives, populists and moderates are too stupid to say what they know too be true for fear of being labeled by the right wing shills for the wealthy.

Shame, fairness is easy to discuss.

when you want to discuss it let us know.

 

[Procrustes Stretched]

With tax rates being what they were back in the '50s and '60s, I would have thought that all the rich would have left by now as some on this board suggest is what will happen if the Bush tax cuts are allowed to expire.

It's an argument I used during the Reign of Reagan the Wealthy Class Warrior.

Too many left wingers, progressives, populists and moderates are too stupid to say what they know too be true for fear of being labeled by the right wing shills for the wealthy.

Shame, fairness is easy to discuss.

when you want to discuss it let us know.

A progressive tax system is what kept America great. get rid of it and all the inequities will force an unwanted result.

Not all wealthy people hide behind idiocies like the flat tax like idea that the Forbes nitwit does.

 

[rdean]

The current six rate brackets are; 10%, 15%, 25%, 28%, 33% and 35%

they will be replaced by five new brackets with the higher rates of;

15%, 28%, 31%, 36% and 39.6%.

everyone got a break under Bush ( as you can plainly see) and everyone takes a hit when they expire.

do I need to add the income levels next to these %'s to?

classwafare; its all you got. facts simply don't back up your hyperbole.

And look how good Republicans were for the economy. At least the Democrats have enough heart to make breadlines and build a poor house.

Republicans say "fuck the poor, why should we help them?" Let them live in cardboard. They're like animals. Feed them and they'll breed.

[ame=http://www.youtube.com/watch?v=jpb4nwfiaPY]YouTube - Lt. Gov. Andre Bauer : "Don't feed the poor. They'll 'breed.'" FULL AUDIO[/ame]

[ame=http://www.youtube.com/watch?v=3cAi6UnAfT4&feature]YouTube - Angle On Unemployment[/ame]

The Republican Christians prayed together to Jesus Christ to help defeat this evil bill giving away taxes to help the poor. The prayer was lead by Senator Kyle and it went as follows: “Dear Heavenly Father help us keep the tax benefits for the rich and large corporations and defeat any attempts by the evil Democrat socialists to help the poor, children and honest hard working Americans without jobs. We pray this in the name of Jesus Christ.”

Republicans take a MORAL stand against helping the POOR

 

[Charles_Main]

It's an argument I used during the Reign of Reagan the Wealthy Class Warrior.

Too many left wingers, progressives, populists and moderates are too stupid to say what they know too be true for fear of being labeled by the right wing shills for the wealthy.

Shame, fairness is easy to discuss.

when you want to discuss it let us know.

A progressive tax system is what kept America great. get rid of it and all the inequities will force an unwanted result.

Not all wealthy people hide behind idiocies like the flat tax like idea that the Forbes nitwit does.

There is nothing wrong with a progressive tax system. As long as you keep a balance that will not harm production and growth.

I am not opposed to allowing the Bush Tax cuts to expire on the top 2%, However I do think now would be a terrible time for it.

 

[Charles_Main]

The current six rate brackets are; 10%, 15%, 25%, 28%, 33% and 35%

they will be replaced by five new brackets with the higher rates of;

15%, 28%, 31%, 36% and 39.6%.

everyone got a break under Bush ( as you can plainly see) and everyone takes a hit when they expire.

do I need to add the income levels next to these %'s to?

classwafare; its all you got. facts simply don't back up your hyperbole.

And look how good Republicans were for the economy.

Are you really so simple minded that you actually believe the Republicans caused this mess alone? Or are you just so Partisan you have to say it.

 

[loosecannon]

Hey Obama, JFK cut the top marginal tax rate to 70%

JFK _cut_ the top marginal tax rate to 70% tax rate jfk sixties fifties - Google Search

So let me get this straight. While the USA became an economic powerhouse from WWII until JFK, some of the wealthiest people in the world, the richest people in the USA, paid somewhere near and up to 70% in income taxes. To listen to conservatives and their way back when machine, during the 1950s up to the mid 1960's, the economy in the USA is considered a good time in America compared to the times afterward. So some of the greatest innovations and wealth in the world were created during a time when the USA taxed the wealthy at a much more higher rate than it did under Nixon, Reagan and later Presidents.

After JFK/LBJ, we had 8 years of Nixon/Ford. The wealthy were taxed less than pre JFK. Using the conservative's cut taxes for the wealthy arguments the economy must have done better, but evidently it did not.

Enter Ronald Reagan. The wealthy get their taxes cut from 70% to 28%. Along with this corporations get tax breaks, capital gains taxes are cut, and the inheritance taxes of the wealthiest are cut. Deficits also grow. America goes on a credit spree. Deficits don't matter anymore, that is the conservative argument. Before this, conservatives always argued that deficits were bad as others argued deficits that were manageable kept America great. But as the wealthiest and corporations got tax cuts they also went with a soon to be tradition of conservative credit binging.

George W. Bush enters. The wealthiest again get tax cuts. Some of the wealthiest people in the world on Wall Street actually get to pay less taxes than their less wealthy counterparts. Credit binging is as American as apple pie. A reality in many minds exists "who doesn't have a credit card?" as an American creed that justifies 'shopping' as a response to a major terrorist attack.

2008: the bill comes due. Obama enters the picture. Damn him what he does, damn what he doesn't do. America, the once great USA is in the outhouse. Obama flushes the toilet. Conservatives start screaming 'let us out' 'we're trapped' as the flush gets clogged by new arguments that taxes are still too high.

2010: the GOP tries to lead a conservative revolt saying we need to go back to the 'good old' ways.

What is it I'm missing? WWJFKS? What would JFK say? Better yet, what do conservatives say JFK would do? Lower the top tax rate again?

Kennedy reduced the top marginal rate from 91% to a miniscule 70%:

Google

The US enjoyed what was BY FAR our most prosperous decade when the top marginal rate was 91%.

Typically and almost like clock work GDP doubles every 21 years. But in the late forties and early fifties US GDP doubled in 7 years....while the top marginal tax rate was 91%.

I wonder if revenues increased!

 

[Charles_Main]

Hey Obama, JFK cut the top marginal tax rate to 70%

JFK _cut_ the top marginal tax rate to 70% tax rate jfk sixties fifties - Google Search

So let me get this straight. While the USA became an economic powerhouse from WWII until JFK, some of the wealthiest people in the world, the richest people in the USA, paid somewhere near and up to 70% in income taxes. To listen to conservatives and their way back when machine, during the 1950s up to the mid 1960's, the economy in the USA is considered a good time in America compared to the times afterward. So some of the greatest innovations and wealth in the world were created during a time when the USA taxed the wealthy at a much more higher rate than it did under Nixon, Reagan and later Presidents.

After JFK/LBJ, we had 8 years of Nixon/Ford. The wealthy were taxed less than pre JFK. Using the conservative's cut taxes for the wealthy arguments the economy must have done better, but evidently it did not.

Enter Ronald Reagan. The wealthy get their taxes cut from 70% to 28%. Along with this corporations get tax breaks, capital gains taxes are cut, and the inheritance taxes of the wealthiest are cut. Deficits also grow. America goes on a credit spree. Deficits don't matter anymore, that is the conservative argument. Before this, conservatives always argued that deficits were bad as others argued deficits that were manageable kept America great. But as the wealthiest and corporations got tax cuts they also went with a soon to be tradition of conservative credit binging.

George W. Bush enters. The wealthiest again get tax cuts. Some of the wealthiest people in the world on Wall Street actually get to pay less taxes than their less wealthy counterparts. Credit binging is as American as apple pie. A reality in many minds exists "who doesn't have a credit card?" as an American creed that justifies 'shopping' as a response to a major terrorist attack.

2008: the bill comes due. Obama enters the picture. Damn him what he does, damn what he doesn't do. America, the once great USA is in the outhouse. Obama flushes the toilet. Conservatives start screaming 'let us out' 'we're trapped' as the flush gets clogged by new arguments that taxes are still too high.

2010: the GOP tries to lead a conservative revolt saying we need to go back to the 'good old' ways.

What is it I'm missing? WWJFKS? What would JFK say? Better yet, what do conservatives say JFK would do? Lower the top tax rate again?

Kennedy reduced the top marginal rate from 91% to a miniscule 70%:

Google

The US enjoyed what was BY FAR our most prosperous decade when the top marginal rate was 91%.

Typically and almost like clock work GDP doubles every 21 years. But in the late forties and early fifties US GDP doubled in 7 years....while the top marginal tax rate was 91%.

I wonder if revenues increased!

This it not a claim it is a question. Were there as many small businesses then, as now, who were or will be effected by the top marginal rate increase?

 

[loosecannon]

small businesses don't get taxed with income taxes, their owners and employees do, and only at the top marginal rate if they make big dough.

 

[The Rabbi]

If we went back to the government as it was under JFK I'd support a similar tax code.

 

[Procrustes Stretched]

when you want to discuss it let us know.

A progressive tax system is what kept America great. get rid of it and all the inequities will force an unwanted result.

Not all wealthy people hide behind idiocies like the flat tax like idea that the Forbes nitwit does.

There is nothing wrong with a progressive tax system. As long as you keep a balance that will not harm production and growth.

I am not opposed to allowing the Bush Tax cuts to expire on the top 2%, However I do think now would be a terrible time for it.

This is a reasonable and rational position that reasonable and rational people could and do disagree with.

but thank you for not being like most here spouting bullshit

 

[Procrustes Stretched]

Hey Obama, JFK cut the top marginal tax rate to 70%

JFK _cut_ the top marginal tax rate to 70% tax rate jfk sixties fifties - Google Search

So let me get this straight. While the USA became an economic powerhouse from WWII until JFK, some of the wealthiest people in the world, the richest people in the USA, paid somewhere near and up to 70% in income taxes. To listen to conservatives and their way back when machine, during the 1950s up to the mid 1960's, the economy in the USA is considered a good time in America compared to the times afterward. So some of the greatest innovations and wealth in the world were created during a time when the USA taxed the wealthy at a much more higher rate than it did under Nixon, Reagan and later Presidents.

After JFK/LBJ, we had 8 years of Nixon/Ford. The wealthy were taxed less than pre JFK. Using the conservative's cut taxes for the wealthy arguments the economy must have done better, but evidently it did not.

Enter Ronald Reagan. The wealthy get their taxes cut from 70% to 28%. Along with this corporations get tax breaks, capital gains taxes are cut, and the inheritance taxes of the wealthiest are cut. Deficits also grow. America goes on a credit spree. Deficits don't matter anymore, that is the conservative argument. Before this, conservatives always argued that deficits were bad as others argued deficits that were manageable kept America great. But as the wealthiest and corporations got tax cuts they also went with a soon to be tradition of conservative credit binging.

George W. Bush enters. The wealthiest again get tax cuts. Some of the wealthiest people in the world on Wall Street actually get to pay less taxes than their less wealthy counterparts. Credit binging is as American as apple pie. A reality in many minds exists "who doesn't have a credit card?" as an American creed that justifies 'shopping' as a response to a major terrorist attack.

2008: the bill comes due. Obama enters the picture. Damn him what he does, damn what he doesn't do. America, the once great USA is in the outhouse. Obama flushes the toilet. Conservatives start screaming 'let us out' 'we're trapped' as the flush gets clogged by new arguments that taxes are still too high.

2010: the GOP tries to lead a conservative revolt saying we need to go back to the 'good old' ways.

What is it I'm missing? WWJFKS? What would JFK say? Better yet, what do conservatives say JFK would do? Lower the top tax rate again?

Kennedy reduced the top marginal rate from 91% to a miniscule 70%:

Google

The US enjoyed what was BY FAR our most prosperous decade when the top marginal rate was 91%.

Typically and almost like clock work GDP doubles every 21 years. But in the late forties and early fifties US GDP doubled in 7 years....while the top marginal tax rate was 91%.

I wonder if revenues increased!

good point(s)

I wonder if you'll get any answers from the wingnuts or conservatives that do not involve attacks.