from 1950-1963 top tax rate was 91-92%, those were good years for our economy

[Truthmatters]

what makes you think it will be bad if we raise their taxes a little?

 

[Sinjorri]

do u volunteer extra money?

 

[Stephanie]

holy smokes..

91-92% tax rate were the GOOD YEARS..

Why doesn't Obama and Democrats just ask for 100%...We can have some WONDERFUL YEARS AHEAD

UTOPIA here we come

 

[Truthmatters]

how was the US economy doing in those years?

 

[Truthmatters]

Historical Top Tax Rate


guess what happened the last time in history the top tax rates were way low like today?

 

[Truthmatters]

from 1925 to 1931 they were 25 %

 

[Truthmatters]

Both BIG world wide economic crashes happened after the top tax rate was lowered

 

[Truthmatters]

In both examples it took merely five years of low tax rates on the top to produce a crash

 

[Remodeling Maidiac]

I bet tm doesn't even give to charity let alone offer extra taxes

 

[Katzndogz]

holy smokes..

91-92% tax rate were the GOOD YEARS..

Why doesn't Obama and Democrats just ask for 100%...We can have some WONDERFUL YEARS AHEAD

UTOPIA here we come

Here's a better solution.

Let's have a world war in which most of the planet's economies are destroyed but ours. We'll be the only game in town.

 

[Wiseacre]

It was widely believed then, and not just by the republicans, that everyone should pay taxes; doing their fair share applied to the low end as well as the high end. Here are the tax rates in 1950 for the lowest income earners:

$0 - $4,000 17.40%
$4,000 - $8,000 20.02%
$8,000 - $12,000 23.66%
$12,000 - $16,000 27.30%
$16,000 - $20,000 30.94%

If you really want revenue, you're going to have to go after everybody.

 

[Truthmatters]

Hey it worked when Bush did it.......oh wait thats right it didnt work it crashed the economy

 

[Truthmatters]

Both times in our history when we left the 1% with low taxes for five years the economy crashed BIG TIME

 

[Truthmatters]

The right wants some more crashing I guess

 

[Remodeling Maidiac]

I don't believe you're paying your fair share tdm. I demand that you provide us with the past ten years tax returns

 

[Wiseacre]

In both examples it took merely five years of low tax rates on the top to produce a crash

So you think the low rates in the 1920's were responsible in any way for the crash? By what chain of logic? The existence of lower tax rates in the 20s and under Bush43 have never been proved to cause the economic downturns which followed. Kennedy lowered rates, and so did Reagan, no crash there.

 

[DiamondDave]

Historical Top Tax Rate


from 1950 to 1963 the top tax rate was 91-92%


those years were not bad years economically

Note: This table contains a number of simplifications and ignores a number of factors

TDM, ignoring reality again.. even after this myth was debunked about actual taxation history

 

[Truthmatters]

nope , i know that means I wont get elected

 

[Zxereus]

what makes you think it will be bad if we raise their taxes a little?

Whatever rate you decide is fair, you should be willing to pay the same rate yourself.

 

[Truthmatters]

In both examples it took merely five years of low tax rates on the top to produce a crash

So you think the low rates in the 1920's were responsible in any way for the crash? By what chain of logic? The existence of lower tax rates in the 20s and under Bush43 have never been proved to cause the economic downturn which followed. Kennedy lowered rates, and so did Reagan, no crash there.

how does it effect revenue?