Why Obamanomics Has Failed

[Mr. Shaman]

I have never understood why people insist that low wages bring economic golden ages.

Workers who cannot BUY do NOT sustain a consumer driven economy.

As is so obviously evident right now.

Corporate taxes have been going down.

Where's our golden age?

You corporate tools are freakin' idiots.

So taking more money away from people and businesses laying off employees creates prosperity -- how, exactly?

"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decadehttp://www.kellysite.net/taxes.html that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down."

 

[Mr. Shaman]

Great article by economist Alan Meltzer. Many of us have said similar things here but it is nice to see it all put together in one well-argued, well written piece.
Allan Meltzer: Why Obamanomics Has Failed - WSJ.com

Wall Street Journal.....?????

Now, let's see. Who bought the WSJ? Oh year! It was Rupert, the owner of the GOP marketing company named FOX, which calls itself a news channel. Yeah, I am going to really believe his stuff...

Awwwww, c'mon.......be fair!

Ol' Rupert doesn't lie, any more, than Porky Limbaugh!!!​

 

[skookerasbil]

Oh.............and ps to the curious onlookers in this thread. Note one consistent theme amongst the liberal k00ks. They all LOATH business and capitalism!!! To them, the concept of profit is obscene and they support any candidate or ecomonic policy which sticks it to the capitalist. The question is................why? Is it because its good for the country? Only a committed k00k thinks so...........

Nope...........these people, almost invariably, are miserable failures due to making poor personal decisions in their lives that have left them bitter and jealous of those Americans who are successful. It is the driving force amongst k00ks who support things like governent stimulus, government regulations, government takeover of private sectors of the economy. It matters not to them that millions of families are getting fcukked over by these nutty-ass economic policies. Nope.........the the k00ks, the single most important goal is to fcukk the capitalist at any cost. Its is jealousy and misery that drives these people. Any idiot knows that when government gets out of the way, economic expansion ensues, jobs are created and revenues to the government expand exponentially...........but this is wholly unacceptable to the liberal k00k who is THE model of personal fcukkedupedness and spends his life looking for revenge on those who are successful...................

Doubt me???

Simply look at the post total for the liberal k00ks and tell me there isnt an obsession there? ( one nut on this thread is closing in on 2,000 and has been a member for 3 months ) Id rather call it full fledged rage and utter bittterness. I mean................WHO THE FCUKK has the time to post up thousands and thousands of posts in a single year. This is classic misery.........driven by the hate of people who have made good personal life decisions and gone on to be successful in business or any other endeavor they have chosen to persue. These k00k liberals on this board...........zero interest on the good for the country...........100% interest in demonizing the successful of out society. It levels the playing field for these sorry ass losers......................


PS............check ot those post totals vs start date!!!!!

 

[CrusaderFrank]

Here's the best part of my plan with a Congressional Super Majority, we offer all Progressives a choice:

a. get a private sector job and pay taxes or

b. get a one way plane fare to the Progressive Mecca of your choice, Cuba, Venezuela, North Korea, Russia, China, you pick it but you're not allowed back in to the USA.

 

[G.T.]

Here's the best part of my plan with a Congressional Super Majority, we offer all Progressives a choice:

a. get a private sector job and pay taxes or

b. get a one way plane fare to the Progressive Mecca of your choice, Cuba, Venezuela, North Korea, Russia, China, you pick it but you're not allowed back in to the USA.

aka, Fascism.

 

[editec]

Federal Corporate Income Tax Rates

​

Income Years 1909-2008http://www.taxfoundation.org/files/fedcorpincometaxrates-20080817.pdf​

1909 1913
$5,000 exemption 1% ​

1913 1915
No exemption after March 1, 1913 1%​

1916 None 2%​

1917 None 6%%​

1918 $2,000 exemption 12%​

1919 1921
$2,000 exemption 10% ​

1922 1924
$2,000 exemption 13%
1925 $2,000 exemption 13 %​

1926 1927
$2,000 exemption 14%
1928 $3,000 exemption 12%
1929 $3,000 exemption 11%​

1930 1931
$3,000 exemption 12%​

1932 1935
None 14%​

1936 1937
First $2,000 8%
Over $40,000 15%​

1938 1939
First $25,000 12.516%
Over $25,000 19 %(b)​

1940 First $25,000 14.85% - 18.7%
$25,000 to $31,964. 30 -38%
$31,964.30 to $38,565.89 37%
Over $38,565.89 24%​

1941 First $25,000 21-25%
$25,000 to $38,461.54 44%
Over $38,461.54 31%​

1942 1945
First $25,000 25-29%
$25,000 to $50,000 53%
Over $50,000 40%​

1946 1949
First $25,000 21-25%
$25,000 to $50,000 53%
Over $50,000 38%​

1950 First $25,000 (Normal Rate) 23%
Over $25,000 (Add Surtax of 19%) 42%
Excess Profits Tax 30%​

1951 First $25,000 (Normal Rate) 28.75%
Over $25,000 (Add Surtax of 22%) 50.75%
Excess Profits Tax 30%​

1952 First $25,000 (Normal Rate) 30%
Over $25,000 (Add Surtax of 22%) 52%
Excess Profits Tax 30%​

1953 1963
First $25,000 (Normal Rate) 30%
Over $25,000 (Add Surtax of 22%) 52%​

1964 First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 28%) 50​

1965 1967
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%​

1968 1969
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%
With 10% Surcharge
First $25,000 (Normal Rate) 24.20%
Over $25,000 (Add Surtax of 26%) 52.80%​

1970 First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%
With 2.5% Surcharge (c)
First $25,000 (Normal Rate) 22.55%
Over $25,000 (Add Surtax of 26%) 49.20%​

1971 1974
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%​

1975 1978
First $25,000 (Graduated Normal Rate) 20%
Next $25,0000 (Graduated Normal Rate) 22%
Over $50,000 (Add Surtax of 26%) 48%​

1979 1981
(d) First $25,000 17%
$25,000 to $50,000 20%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1982 First $25,000 16%
$25,000 to $50,000 19%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1983 1984
First $25,000 15%
$25,000 to $50,000 18%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1985 1986
First $25,000 15%
$25,000 to $50,000 18%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
$100,000 to $1,000,000 46%
$1,000,000 to $1,405,000 (e) 51%
Over $1,405,000 46%​

1987(f)1993
First $50,000 15%
$50,000 to $75,000 25%
$75,000 to $100,000 34%
$100,000 to $335,000 (g) 39%
Over $335,000 34%​

1994 2008​

First $50,000 15%

$50,000 to $75,000 25%
$75,000 to $100,000 34%
$100,000 to $335,000 (g) 39%
$335,000 to $10,000,000 34%
$10,000,000 to $15,000,000 35%
$15,000,000 to $18,333,333 (h) 38%
Over $18,333,333 35%​

(a) In addition to the rates shown, certain types of 'excess profits' levies
were in effect in 19171921
and 19331945.
(b) Less adjustments: 14.025% of dividends received and 2.5% of
dividends paid.
(c) The Tax Reform Act of 1969 extended the Surcharge at a 5 percent rate
from January 1, 1970 through June 1, 1970. On an annualized basis,
the Surcharge would be 2.5 percent.
(d) The Revenue Act of 1978 repealed the corporate normal tax and surtax
and in their place imposed a graduated rate structure with five brackets.
(e) The Deficit Reduction Act of 1984 placed an additional 5 percent to the
tax rate in order to phase out the benefit of the lower graduated rates for
corporations with taxable income between $1,000,000 and 1,405,000.
Corporations with taxable income above $1,405,000, in effect, pay a flat
marginal rate of 46 percent.
(f) Rates shown effective for tax years beginning on or after July 1, 1987.
Taxable income before July 1, 1987 was subject to a two tax rate
schedule or a blended tax rate.
(g) An additional 5 percent tax, not exceeding $11,750, is imposed on
taxable income between $100,000 and $335,000 in order to phase out the
benefits of the lower graduated rates.
(h) An additional 3 percent tax, not exceeding $100,000, is imposed on
taxable income between $15,000,000 and $18,333,333 in order to phase
out the benefits of the lower graduated rates.​

Source: Treasury Department; Commerce Clearing House (CCH); Tax Foundation

Doesn't appear to me to be a very strong correlation between good economic times and low (or high) corporate taxes, folks.

 

[Mr. Shaman]

Oh.............and ps to the curious onlookers in this thread. Note one consistent theme amongst the liberal k00ks. They all LOATH business and capitalism!!! To them, the concept of profit is obscene and they support any candidate or ecomonic policy which sticks it to the capitalist. The question is................why? Is it because its good for the country? Only a committed k00k thinks so...........

 

[CrusaderFrank]

Federal Corporate Income Tax Rates

​

Income Years 1909-2008http://www.taxfoundation.org/files/fedcorpincometaxrates-20080817.pdf​

1909 1913
$5,000 exemption 1% ​

1913 1915
No exemption after March 1, 1913 1%​

1916 None 2%​

1917 None 6%%​

1918 $2,000 exemption 12%​

1919 1921
$2,000 exemption 10% ​

1922 1924
$2,000 exemption 13%
1925 $2,000 exemption 13 %​

1926 1927
$2,000 exemption 14%
1928 $3,000 exemption 12%
1929 $3,000 exemption 11%​

1930 1931
$3,000 exemption 12%​

1932 1935
None 14%​

1936 1937
First $2,000 8%
Over $40,000 15%​

1938 1939
First $25,000 12.516%
Over $25,000 19 %(b)​

1940 First $25,000 14.85% - 18.7%
$25,000 to $31,964. 30 -38%
$31,964.30 to $38,565.89 37%
Over $38,565.89 24%​

1941 First $25,000 21-25%
$25,000 to $38,461.54 44%
Over $38,461.54 31%​

1942 1945
First $25,000 25-29%
$25,000 to $50,000 53%
Over $50,000 40%​

1946 1949
First $25,000 21-25%
$25,000 to $50,000 53%
Over $50,000 38%​

1950 First $25,000 (Normal Rate) 23%
Over $25,000 (Add Surtax of 19%) 42%
Excess Profits Tax 30%​

1951 First $25,000 (Normal Rate) 28.75%
Over $25,000 (Add Surtax of 22%) 50.75%
Excess Profits Tax 30%​

1952 First $25,000 (Normal Rate) 30%
Over $25,000 (Add Surtax of 22%) 52%
Excess Profits Tax 30%​

1953 1963
First $25,000 (Normal Rate) 30%
Over $25,000 (Add Surtax of 22%) 52%​

1964 First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 28%) 50​

1965 1967
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%​

1968 1969
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%
With 10% Surcharge
First $25,000 (Normal Rate) 24.20%
Over $25,000 (Add Surtax of 26%) 52.80%​

1970 First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%
With 2.5% Surcharge (c)
First $25,000 (Normal Rate) 22.55%
Over $25,000 (Add Surtax of 26%) 49.20%​

1971 1974
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%​

1975 1978
First $25,000 (Graduated Normal Rate) 20%
Next $25,0000 (Graduated Normal Rate) 22%
Over $50,000 (Add Surtax of 26%) 48%​

1979 1981
(d) First $25,000 17%
$25,000 to $50,000 20%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1982 First $25,000 16%
$25,000 to $50,000 19%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1983 1984
First $25,000 15%
$25,000 to $50,000 18%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1985 1986
First $25,000 15%
$25,000 to $50,000 18%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
$100,000 to $1,000,000 46%
$1,000,000 to $1,405,000 (e) 51%
Over $1,405,000 46%​

1987(f)1993
First $50,000 15%
$50,000 to $75,000 25%
$75,000 to $100,000 34%
$100,000 to $335,000 (g) 39%
Over $335,000 34%​

1994 2008​

First $50,000 15%

$50,000 to $75,000 25%
$75,000 to $100,000 34%
$100,000 to $335,000 (g) 39%
$335,000 to $10,000,000 34%
$10,000,000 to $15,000,000 35%
$15,000,000 to $18,333,333 (h) 38%
Over $18,333,333 35%​

(a) In addition to the rates shown, certain types of 'excess profits' levies
were in effect in 19171921
and 19331945.
(b) Less adjustments: 14.025% of dividends received and 2.5% of
dividends paid.
(c) The Tax Reform Act of 1969 extended the Surcharge at a 5 percent rate
from January 1, 1970 through June 1, 1970. On an annualized basis,
the Surcharge would be 2.5 percent.
(d) The Revenue Act of 1978 repealed the corporate normal tax and surtax
and in their place imposed a graduated rate structure with five brackets.
(e) The Deficit Reduction Act of 1984 placed an additional 5 percent to the
tax rate in order to phase out the benefit of the lower graduated rates for
corporations with taxable income between $1,000,000 and 1,405,000.
Corporations with taxable income above $1,405,000, in effect, pay a flat
marginal rate of 46 percent.
(f) Rates shown effective for tax years beginning on or after July 1, 1987.
Taxable income before July 1, 1987 was subject to a two tax rate
schedule or a blended tax rate.
(g) An additional 5 percent tax, not exceeding $11,750, is imposed on
taxable income between $100,000 and $335,000 in order to phase out the
benefits of the lower graduated rates.
(h) An additional 3 percent tax, not exceeding $100,000, is imposed on
taxable income between $15,000,000 and $18,333,333 in order to phase
out the benefits of the lower graduated rates.​

Source: Treasury Department; Commerce Clearing House (CCH); Tax Foundation

Doesn't appear to me to be a very strong correlation between good economic times and low (or high) corporate taxes, folks.

OK, so we can scrap income tax altogether and go back to the states funding the federal government pre-16th Amendment

Thanks for that

 

[Bfgrn]

When business, large and small, dumped all of the people into the unemployment lines, back in 2008 and early 2009, was it the government's fault then, too?

Translation = "it's all BUSH'S FAULT!!!"

Hey Zander, there is no need for a translation. Bush WAS the president in 2008 and early 2009.

Maybe we need a different 'translation'...pea brain Zander contends that even though Bush WAS the president in 2008 and early 2009, it is an Obama retro effect...

 

[skookerasbil]

See this fcukked up crap??? To them, economic prosperity and government spending have ZERO correlation. Why? Because trickle down poverty economics are just fine with them

We're in the middle of an emerging disaster people.........these assholes in charge now................would have been better to do nothing then the havoc they are bringing on the future of our children. Think this president gives a rats ass about jobs? LMAO........just look at the current shutdown of oil rigs. Thers 3,900 of them in the Gulf alone............but his concern is pleasing the environmental mental cases.

Thankfully...........the independents who got bamboozled 18 months ago and 100% responsible for electing this fraud....... are wide awake on the incometence now being displayed by the current power structure. Anybody see todays GALLUP poll on independent support of Obama?

 

[Mr. Shaman]

When business, large and small, dumped all of the people into the unemployment lines, back in 2008 and early 2009, was it the government's fault then, too?

Translation = "it's all BUSH'S FAULT!!!"

Hey Zander, there is no need for a translation. Bush WAS the president in 2008 and early 2009.

Maybe we need a different 'translation'...pea brain Zander contends that even though Bush WAS the president in 2008 and early 2009, it is an Obama retro effect...

....Or, better YET.....the ol' stand-by......

 

[Bfgrn]

Federal Corporate Income Tax Rates

​

Income Years 1909-2008http://www.taxfoundation.org/files/fedcorpincometaxrates-20080817.pdf​

1909 1913
$5,000 exemption 1% ​

1913 1915
No exemption after March 1, 1913 1%​

1916 None 2%​

1917 None 6%%​

1918 $2,000 exemption 12%​

1919 1921
$2,000 exemption 10% ​

1922 1924
$2,000 exemption 13%
1925 $2,000 exemption 13 %​

1926 1927
$2,000 exemption 14%
1928 $3,000 exemption 12%
1929 $3,000 exemption 11%​

1930 1931
$3,000 exemption 12%​

1932 1935
None 14%​

1936 1937
First $2,000 8%
Over $40,000 15%​

1938 1939
First $25,000 12.516%
Over $25,000 19 %(b)​

1940 First $25,000 14.85% - 18.7%
$25,000 to $31,964. 30 -38%
$31,964.30 to $38,565.89 37%
Over $38,565.89 24%​

1941 First $25,000 21-25%
$25,000 to $38,461.54 44%
Over $38,461.54 31%​

1942 1945
First $25,000 25-29%
$25,000 to $50,000 53%
Over $50,000 40%​

1946 1949
First $25,000 21-25%
$25,000 to $50,000 53%
Over $50,000 38%​

1950 First $25,000 (Normal Rate) 23%
Over $25,000 (Add Surtax of 19%) 42%
Excess Profits Tax 30%​

1951 First $25,000 (Normal Rate) 28.75%
Over $25,000 (Add Surtax of 22%) 50.75%
Excess Profits Tax 30%​

1952 First $25,000 (Normal Rate) 30%
Over $25,000 (Add Surtax of 22%) 52%
Excess Profits Tax 30%​

1953 1963
First $25,000 (Normal Rate) 30%
Over $25,000 (Add Surtax of 22%) 52%​

1964 First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 28%) 50​

1965 1967
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%​

1968 1969
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%
With 10% Surcharge
First $25,000 (Normal Rate) 24.20%
Over $25,000 (Add Surtax of 26%) 52.80%​

1970 First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%
With 2.5% Surcharge (c)
First $25,000 (Normal Rate) 22.55%
Over $25,000 (Add Surtax of 26%) 49.20%​

1971 1974
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%​

1975 1978
First $25,000 (Graduated Normal Rate) 20%
Next $25,0000 (Graduated Normal Rate) 22%
Over $50,000 (Add Surtax of 26%) 48%​

1979 1981
(d) First $25,000 17%
$25,000 to $50,000 20%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1982 First $25,000 16%
$25,000 to $50,000 19%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1983 1984
First $25,000 15%
$25,000 to $50,000 18%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1985 1986
First $25,000 15%
$25,000 to $50,000 18%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
$100,000 to $1,000,000 46%
$1,000,000 to $1,405,000 (e) 51%
Over $1,405,000 46%​

1987(f)1993
First $50,000 15%
$50,000 to $75,000 25%
$75,000 to $100,000 34%
$100,000 to $335,000 (g) 39%
Over $335,000 34%​

1994 2008​

First $50,000 15%

$50,000 to $75,000 25%
$75,000 to $100,000 34%
$100,000 to $335,000 (g) 39%
$335,000 to $10,000,000 34%
$10,000,000 to $15,000,000 35%
$15,000,000 to $18,333,333 (h) 38%
Over $18,333,333 35%​

(a) In addition to the rates shown, certain types of 'excess profits' levies
were in effect in 19171921
and 19331945.
(b) Less adjustments: 14.025% of dividends received and 2.5% of
dividends paid.
(c) The Tax Reform Act of 1969 extended the Surcharge at a 5 percent rate
from January 1, 1970 through June 1, 1970. On an annualized basis,
the Surcharge would be 2.5 percent.
(d) The Revenue Act of 1978 repealed the corporate normal tax and surtax
and in their place imposed a graduated rate structure with five brackets.
(e) The Deficit Reduction Act of 1984 placed an additional 5 percent to the
tax rate in order to phase out the benefit of the lower graduated rates for
corporations with taxable income between $1,000,000 and 1,405,000.
Corporations with taxable income above $1,405,000, in effect, pay a flat
marginal rate of 46 percent.
(f) Rates shown effective for tax years beginning on or after July 1, 1987.
Taxable income before July 1, 1987 was subject to a two tax rate
schedule or a blended tax rate.
(g) An additional 5 percent tax, not exceeding $11,750, is imposed on
taxable income between $100,000 and $335,000 in order to phase out the
benefits of the lower graduated rates.
(h) An additional 3 percent tax, not exceeding $100,000, is imposed on
taxable income between $15,000,000 and $18,333,333 in order to phase
out the benefits of the lower graduated rates.​

Source: Treasury Department; Commerce Clearing House (CCH); Tax Foundation

Doesn't appear to me to be a very strong correlation between good economic times and low (or high) corporate taxes, folks.

If there IS a correlation between good economic times and low taxes; the Bush tax CUTS were IN EFFECT through this whole collapse...WHY didn't the Bush tax CUTS save the economy?

 

[skookerasbil]

Federal Corporate Income Tax Rates

​

Income Years 1909-2008http://www.taxfoundation.org/files/fedcorpincometaxrates-20080817.pdf​

1909 1913
$5,000 exemption 1% ​

1913 1915
No exemption after March 1, 1913 1%​

1916 None 2%​

1917 None 6%%​

1918 $2,000 exemption 12%​

1919 1921
$2,000 exemption 10% ​

1922 1924
$2,000 exemption 13%
1925 $2,000 exemption 13 %​

1926 1927
$2,000 exemption 14%
1928 $3,000 exemption 12%
1929 $3,000 exemption 11%​

1930 1931
$3,000 exemption 12%​

1932 1935
None 14%​

1936 1937
First $2,000 8%
Over $40,000 15%​

1938 1939
First $25,000 12.516%
Over $25,000 19 %(b)​

1940 First $25,000 14.85% - 18.7%
$25,000 to $31,964. 30 -38%
$31,964.30 to $38,565.89 37%
Over $38,565.89 24%​

1941 First $25,000 21-25%
$25,000 to $38,461.54 44%
Over $38,461.54 31%​

1942 1945
First $25,000 25-29%
$25,000 to $50,000 53%
Over $50,000 40%​

1946 1949
First $25,000 21-25%
$25,000 to $50,000 53%
Over $50,000 38%​

1950 First $25,000 (Normal Rate) 23%
Over $25,000 (Add Surtax of 19%) 42%
Excess Profits Tax 30%​

1951 First $25,000 (Normal Rate) 28.75%
Over $25,000 (Add Surtax of 22%) 50.75%
Excess Profits Tax 30%​

1952 First $25,000 (Normal Rate) 30%
Over $25,000 (Add Surtax of 22%) 52%
Excess Profits Tax 30%​

1953 1963
First $25,000 (Normal Rate) 30%
Over $25,000 (Add Surtax of 22%) 52%​

1964 First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 28%) 50​

1965 1967
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%​

1968 1969
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%
With 10% Surcharge
First $25,000 (Normal Rate) 24.20%
Over $25,000 (Add Surtax of 26%) 52.80%​

1970 First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%
With 2.5% Surcharge (c)
First $25,000 (Normal Rate) 22.55%
Over $25,000 (Add Surtax of 26%) 49.20%​

1971 1974
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%​

1975 1978
First $25,000 (Graduated Normal Rate) 20%
Next $25,0000 (Graduated Normal Rate) 22%
Over $50,000 (Add Surtax of 26%) 48%​

1979 1981
(d) First $25,000 17%
$25,000 to $50,000 20%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1982 First $25,000 16%
$25,000 to $50,000 19%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1983 1984
First $25,000 15%
$25,000 to $50,000 18%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1985 1986
First $25,000 15%
$25,000 to $50,000 18%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
$100,000 to $1,000,000 46%
$1,000,000 to $1,405,000 (e) 51%
Over $1,405,000 46%​

1987(f)1993
First $50,000 15%
$50,000 to $75,000 25%
$75,000 to $100,000 34%
$100,000 to $335,000 (g) 39%
Over $335,000 34%​

1994 2008​

First $50,000 15%

$50,000 to $75,000 25%
$75,000 to $100,000 34%
$100,000 to $335,000 (g) 39%
$335,000 to $10,000,000 34%
$10,000,000 to $15,000,000 35%
$15,000,000 to $18,333,333 (h) 38%
Over $18,333,333 35%​

(a) In addition to the rates shown, certain types of 'excess profits' levies
were in effect in 19171921
and 19331945.
(b) Less adjustments: 14.025% of dividends received and 2.5% of
dividends paid.
(c) The Tax Reform Act of 1969 extended the Surcharge at a 5 percent rate
from January 1, 1970 through June 1, 1970. On an annualized basis,
the Surcharge would be 2.5 percent.
(d) The Revenue Act of 1978 repealed the corporate normal tax and surtax
and in their place imposed a graduated rate structure with five brackets.
(e) The Deficit Reduction Act of 1984 placed an additional 5 percent to the
tax rate in order to phase out the benefit of the lower graduated rates for
corporations with taxable income between $1,000,000 and 1,405,000.
Corporations with taxable income above $1,405,000, in effect, pay a flat
marginal rate of 46 percent.
(f) Rates shown effective for tax years beginning on or after July 1, 1987.
Taxable income before July 1, 1987 was subject to a two tax rate
schedule or a blended tax rate.
(g) An additional 5 percent tax, not exceeding $11,750, is imposed on
taxable income between $100,000 and $335,000 in order to phase out the
benefits of the lower graduated rates.
(h) An additional 3 percent tax, not exceeding $100,000, is imposed on
taxable income between $15,000,000 and $18,333,333 in order to phase
out the benefits of the lower graduated rates.​

Source: Treasury Department; Commerce Clearing House (CCH); Tax Foundation

Doesn't appear to me to be a very strong correlation between good economic times and low (or high) corporate taxes, folks.

OK, so we can scrap income tax altogether and go back to the states funding the federal government pre-16th Amendment

Thanks for that

LMAO..........Crusader Frank bro..............this Photobucket classic is in honor of your post decimating the k00ks................
In fact.........a double shot is necessary in this case.............

 

[editec]

Federal Corporate Income Tax Rates

​

Income Years 1909-2008http://www.taxfoundation.org/files/fedcorpincometaxrates-20080817.pdf​

1909 1913
$5,000 exemption 1% ​

1913 1915
No exemption after March 1, 1913 1%​

1916 None 2%​

1917 None 6%%​

1918 $2,000 exemption 12%​

1919 1921
$2,000 exemption 10% ​

1922 1924
$2,000 exemption 13%
1925 $2,000 exemption 13 %​

1926 1927
$2,000 exemption 14%
1928 $3,000 exemption 12%
1929 $3,000 exemption 11%​

1930 1931
$3,000 exemption 12%​

1932 1935
None 14%​

1936 1937
First $2,000 8%
Over $40,000 15%​

1938 1939
First $25,000 12.516%
Over $25,000 19 %(b)​

1940 First $25,000 14.85% - 18.7%
$25,000 to $31,964. 30 -38%
$31,964.30 to $38,565.89 37%
Over $38,565.89 24%​

1941 First $25,000 21-25%
$25,000 to $38,461.54 44%
Over $38,461.54 31%​

1942 1945
First $25,000 25-29%
$25,000 to $50,000 53%
Over $50,000 40%​

1946 1949
First $25,000 21-25%
$25,000 to $50,000 53%
Over $50,000 38%​

1950 First $25,000 (Normal Rate) 23%
Over $25,000 (Add Surtax of 19%) 42%
Excess Profits Tax 30%​

1951 First $25,000 (Normal Rate) 28.75%
Over $25,000 (Add Surtax of 22%) 50.75%
Excess Profits Tax 30%​

1952 First $25,000 (Normal Rate) 30%
Over $25,000 (Add Surtax of 22%) 52%
Excess Profits Tax 30%​

1953 1963
First $25,000 (Normal Rate) 30%
Over $25,000 (Add Surtax of 22%) 52%​

1964 First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 28%) 50​

1965 1967
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%​

1968 1969
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%
With 10% Surcharge
First $25,000 (Normal Rate) 24.20%
Over $25,000 (Add Surtax of 26%) 52.80%​

1970 First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%
With 2.5% Surcharge (c)
First $25,000 (Normal Rate) 22.55%
Over $25,000 (Add Surtax of 26%) 49.20%​

1971 1974
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%​

1975 1978
First $25,000 (Graduated Normal Rate) 20%
Next $25,0000 (Graduated Normal Rate) 22%
Over $50,000 (Add Surtax of 26%) 48%​

1979 1981
(d) First $25,000 17%
$25,000 to $50,000 20%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1982 First $25,000 16%
$25,000 to $50,000 19%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1983 1984
First $25,000 15%
$25,000 to $50,000 18%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1985 1986
First $25,000 15%
$25,000 to $50,000 18%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
$100,000 to $1,000,000 46%
$1,000,000 to $1,405,000 (e) 51%
Over $1,405,000 46%​

1987(f)1993
First $50,000 15%
$50,000 to $75,000 25%
$75,000 to $100,000 34%
$100,000 to $335,000 (g) 39%
Over $335,000 34%​

1994 2008​

First $50,000 15%

$50,000 to $75,000 25%
$75,000 to $100,000 34%
$100,000 to $335,000 (g) 39%
$335,000 to $10,000,000 34%
$10,000,000 to $15,000,000 35%
$15,000,000 to $18,333,333 (h) 38%
Over $18,333,333 35%​

(a) In addition to the rates shown, certain types of 'excess profits' levies
were in effect in 19171921
and 19331945.
(b) Less adjustments: 14.025% of dividends received and 2.5% of
dividends paid.
(c) The Tax Reform Act of 1969 extended the Surcharge at a 5 percent rate
from January 1, 1970 through June 1, 1970. On an annualized basis,
the Surcharge would be 2.5 percent.
(d) The Revenue Act of 1978 repealed the corporate normal tax and surtax
and in their place imposed a graduated rate structure with five brackets.
(e) The Deficit Reduction Act of 1984 placed an additional 5 percent to the
tax rate in order to phase out the benefit of the lower graduated rates for
corporations with taxable income between $1,000,000 and 1,405,000.
Corporations with taxable income above $1,405,000, in effect, pay a flat
marginal rate of 46 percent.
(f) Rates shown effective for tax years beginning on or after July 1, 1987.
Taxable income before July 1, 1987 was subject to a two tax rate
schedule or a blended tax rate.
(g) An additional 5 percent tax, not exceeding $11,750, is imposed on
taxable income between $100,000 and $335,000 in order to phase out the
benefits of the lower graduated rates.
(h) An additional 3 percent tax, not exceeding $100,000, is imposed on
taxable income between $15,000,000 and $18,333,333 in order to phase
out the benefits of the lower graduated rates.​

Source: Treasury Department; Commerce Clearing House (CCH); Tax Foundation

Doesn't appear to me to be a very strong correlation between good economic times and low (or high) corporate taxes, folks.

OK, so we can scrap income tax altogether and go back to the states funding the federal government pre-16th Amendment

Thanks for that

Or we could scrap FREE TRADE and run the nation on revenue from TARIFFS and Alcohol taxes (and marijuna taxes too, I suppose) as we did for the the first 150 years of our national experience.

You down wid dat, Cru?

Put Americans back to work, let them keep their incomes and make them PAY for imports?

How's that sound?

And while we're at it, let's ALSO return to the original founders DISTRUST of STANDING ARMIES, shall we?

 

[Bfgrn]

Oh.............and ps to the curious onlookers in this thread. Note one consistent theme amongst the liberal k00ks. They all LOATH business and capitalism!!! To them, the concept of profit is obscene and they support any candidate or ecomonic policy which sticks it to the capitalist. The question is................why? Is it because its good for the country? Only a committed k00k thinks so...........

Nope...........these people, almost invariably, are miserable failures due to making poor personal decisions in their lives that have left them bitter and jealous of those Americans who are successful. It is the driving force amongst k00ks who support things like governent stimulus, government regulations, government takeover of private sectors of the economy. It matters not to them that millions of families are getting fcukked over by these nutty-ass economic policies. Nope.........the the k00ks, the single most important goal is to fcukk the capitalist at any cost. Its is jealousy and misery that drives these people. Any idiot knows that when government gets out of the way, economic expansion ensues, jobs are created and revenues to the government expand exponentially...........but this is wholly unacceptable to the liberal k00k who is THE model of personal fcukkedupedness and spends his life looking for revenge on those who are successful...................

Doubt me???

Simply look at the post total for the liberal k00ks and tell me there isnt an obsession there? ( one nut on this thread is closing in on 2,000 and has been a member for 3 months ) Id rather call it full fledged rage and utter bittterness. I mean................WHO THE FCUKK has the time to post up thousands and thousands of posts in a single year. This is classic misery.........driven by the hate of people who have made good personal life decisions and gone on to be successful in business or any other endeavor they have chosen to persue. These k00k liberals on this board...........zero interest on the good for the country...........100% interest in demonizing the successful of out society. It levels the playing field for these sorry ass losers......................


PS............check ot those post totals vs start date!!!!!

I am a liberal that strongly believes in a free market...so why don't you explain WHAT a free market IS? I will BET you have NO clue.

 

[CrusaderFrank]

Doesn't appear to me to be a very strong correlation between good economic times and low (or high) corporate taxes, folks.

OK, so we can scrap income tax altogether and go back to the states funding the federal government pre-16th Amendment

Thanks for that

Or we could scrap FREE TRADE and run the nation on revenue from TARIFFS and Alcohol taxes (and marijuna taxes too, I suppose) as we did for the the first 150 years of our national experience.

You down wid dat, Cru?

Put Americans back to work, let them keep their incomes and make them PAY for imports?

How's that sound?

And while we're at it, let's ALSO return to the original founders DISTRUST of STANDING ARMIES, shall we?

1. I'd support reasonable Tariffs, alcohol and drug taxes.

2. Eliminate income tax in favor of VAT or some other system = cool

3. It would be foolish to eliminate a standing army. While none of our immediate neighbors have standing armies that need to concern us (but, with just a few Mounties Canada could take over the entire liberal northeast) the oceans no longer protect us from foreign enemies, right?

In any event Rome had one and there was peace because they would move in and crush any potential enemy before the threat could even blossom.

 

[skookerasbil]

Oh.............and ps to the curious onlookers in this thread. Note one consistent theme amongst the liberal k00ks. They all LOATH business and capitalism!!! To them, the concept of profit is obscene and they support any candidate or ecomonic policy which sticks it to the capitalist. The question is................why? Is it because its good for the country? Only a committed k00k thinks so...........

Nope...........these people, almost invariably, are miserable failures due to making poor personal decisions in their lives that have left them bitter and jealous of those Americans who are successful. It is the driving force amongst k00ks who support things like governent stimulus, government regulations, government takeover of private sectors of the economy. It matters not to them that millions of families are getting fcukked over by these nutty-ass economic policies. Nope.........the the k00ks, the single most important goal is to fcukk the capitalist at any cost. Its is jealousy and misery that drives these people. Any idiot knows that when government gets out of the way, economic expansion ensues, jobs are created and revenues to the government expand exponentially...........but this is wholly unacceptable to the liberal k00k who is THE model of personal fcukkedupedness and spends his life looking for revenge on those who are successful...................

Doubt me???

Simply look at the post total for the liberal k00ks and tell me there isnt an obsession there? ( one nut on this thread is closing in on 2,000 and has been a member for 3 months ) Id rather call it full fledged rage and utter bittterness. I mean................WHO THE FCUKK has the time to post up thousands and thousands of posts in a single year. This is classic misery.........driven by the hate of people who have made good personal life decisions and gone on to be successful in business or any other endeavor they have chosen to persue. These k00k liberals on this board...........zero interest on the good for the country...........100% interest in demonizing the successful of out society. It levels the playing field for these sorry ass losers......................


PS............check ot those post totals vs start date!!!!!

I am a liberal that strongly believes in a free market...so why don't you explain WHAT a free market IS? I will BET you have NO clue.

I Love this forum!!!!!

 

[Mr. Shaman]

Federal Corporate Income Tax Rates

​

Income Years 1909-2008http://www.taxfoundation.org/files/fedcorpincometaxrates-20080817.pdf​

1909 1913
$5,000 exemption 1% ​

1913 1915
No exemption after March 1, 1913 1%​

1916 None 2%​

1917 None 6%%​

1918 $2,000 exemption 12%​

1919 1921
$2,000 exemption 10% ​

1922 1924
$2,000 exemption 13%
1925 $2,000 exemption 13 %​

1926 1927
$2,000 exemption 14%
1928 $3,000 exemption 12%
1929 $3,000 exemption 11%​

1930 1931
$3,000 exemption 12%​

1932 1935
None 14%​

1936 1937
First $2,000 8%
Over $40,000 15%​

1938 1939
First $25,000 12.516%
Over $25,000 19 %(b)​

1940 First $25,000 14.85% - 18.7%
$25,000 to $31,964. 30 -38%
$31,964.30 to $38,565.89 37%
Over $38,565.89 24%​

1941 First $25,000 21-25%
$25,000 to $38,461.54 44%
Over $38,461.54 31%​

1942 1945
First $25,000 25-29%
$25,000 to $50,000 53%
Over $50,000 40%​

1946 1949
First $25,000 21-25%
$25,000 to $50,000 53%
Over $50,000 38%​

1950 First $25,000 (Normal Rate) 23%
Over $25,000 (Add Surtax of 19%) 42%
Excess Profits Tax 30%​

1951 First $25,000 (Normal Rate) 28.75%
Over $25,000 (Add Surtax of 22%) 50.75%
Excess Profits Tax 30%​

1952 First $25,000 (Normal Rate) 30%
Over $25,000 (Add Surtax of 22%) 52%
Excess Profits Tax 30%​

1953 1963
First $25,000 (Normal Rate) 30%
Over $25,000 (Add Surtax of 22%) 52%​

1964 First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 28%) 50​

1965 1967
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%​

1968 1969
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%
With 10% Surcharge
First $25,000 (Normal Rate) 24.20%
Over $25,000 (Add Surtax of 26%) 52.80%​

1970 First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%
With 2.5% Surcharge (c)
First $25,000 (Normal Rate) 22.55%
Over $25,000 (Add Surtax of 26%) 49.20%​

1971 1974
First $25,000 (Normal Rate) 22%
Over $25,000 (Add Surtax of 26%) 48%​

1975 1978
First $25,000 (Graduated Normal Rate) 20%
Next $25,0000 (Graduated Normal Rate) 22%
Over $50,000 (Add Surtax of 26%) 48%​

1979 1981
(d) First $25,000 17%
$25,000 to $50,000 20%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1982 First $25,000 16%
$25,000 to $50,000 19%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1983 1984
First $25,000 15%
$25,000 to $50,000 18%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
Over $100,000 46%​

1985 1986
First $25,000 15%
$25,000 to $50,000 18%
$50,000 to $75,000 30%
$75,000 to $100,000 40%
$100,000 to $1,000,000 46%
$1,000,000 to $1,405,000 (e) 51%
Over $1,405,000 46%​

1987(f)1993
First $50,000 15%
$50,000 to $75,000 25%
$75,000 to $100,000 34%
$100,000 to $335,000 (g) 39%
Over $335,000 34%​

1994 2008​

First $50,000 15%

$50,000 to $75,000 25%
$75,000 to $100,000 34%
$100,000 to $335,000 (g) 39%
$335,000 to $10,000,000 34%
$10,000,000 to $15,000,000 35%
$15,000,000 to $18,333,333 (h) 38%
Over $18,333,333 35%​

(a) In addition to the rates shown, certain types of 'excess profits' levies
were in effect in 19171921
and 19331945.
(b) Less adjustments: 14.025% of dividends received and 2.5% of
dividends paid.
(c) The Tax Reform Act of 1969 extended the Surcharge at a 5 percent rate
from January 1, 1970 through June 1, 1970. On an annualized basis,
the Surcharge would be 2.5 percent.
(d) The Revenue Act of 1978 repealed the corporate normal tax and surtax
and in their place imposed a graduated rate structure with five brackets.
(e) The Deficit Reduction Act of 1984 placed an additional 5 percent to the
tax rate in order to phase out the benefit of the lower graduated rates for
corporations with taxable income between $1,000,000 and 1,405,000.
Corporations with taxable income above $1,405,000, in effect, pay a flat
marginal rate of 46 percent.
(f) Rates shown effective for tax years beginning on or after July 1, 1987.
Taxable income before July 1, 1987 was subject to a two tax rate
schedule or a blended tax rate.
(g) An additional 5 percent tax, not exceeding $11,750, is imposed on
taxable income between $100,000 and $335,000 in order to phase out the
benefits of the lower graduated rates.
(h) An additional 3 percent tax, not exceeding $100,000, is imposed on
taxable income between $15,000,000 and $18,333,333 in order to phase
out the benefits of the lower graduated rates.​

Source: Treasury Department; Commerce Clearing House (CCH); Tax Foundation

Doesn't appear to me to be a very strong correlation between good economic times and low (or high) corporate taxes, folks.

If there IS a correlation between good economic times and low taxes; the Bush tax CUTS were IN EFFECT through this whole collapse...WHY didn't the Bush tax CUTS save the economy?

Hell....we STILL haven't seen the Trickle Down from the Reagan/Bush-years!!!!!!!!!!

​

 

[CrusaderFrank]

Doesn't appear to me to be a very strong correlation between good economic times and low (or high) corporate taxes, folks.

If there IS a correlation between good economic times and low taxes; the Bush tax CUTS were IN EFFECT through this whole collapse...WHY didn't the Bush tax CUTS save the economy?

Hell....we STILL haven't seen the Trickle Down from the Reagan/Bush-years!!!!!!!!!!

​

But you have seen the Nurse in your Psy ch Ward, right? ​

 

[Oddball]

Or we could scrap FREE TRADE and run the nation on revenue from TARIFFS and Alcohol taxes (and marijuna taxes too, I suppose) as we did for the the first 150 years of our national experience.

You down wid dat, Cru?

Put Americans back to work, let them keep their incomes and make them PAY for imports?

How's that sound?

And while we're at it, let's ALSO return to the original founders DISTRUST of STANDING ARMIES, shall we?

Aside from the tariffs part (which are protectionist in nature rather than being in place to fund legitimate functions of de jure government as are excises, imposts and duties) and scrapping free trade , I'm there.