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Thread: the top tax rate from 1940-1970 was 80% or above

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    the top tax rate from 1940-1970 was 80% or above

    http://visualizingeconomics.com/blog...ates-1916-2010



    those were good economic years and we won a big war with them

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    During those years, most people in high income tax breaks paid a much lower effective tax rate, around 50%
    Quidquid Latine dictum sit altum videtur

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    guess what they pay now?

    way less than 50%

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    Now how can the right claim raising the top tax bracket will ruin this country when history proves their ideas are historically false?


    time for your party to stop lying to itself.

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    Any of you cons want to make a case for how horrible the 1950s were?

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    Meanwhile, the percent of revenue the government takes in as a percent of GDP is the same. It's stayed roughly around 18% no matter what the top rates are, except now the government takes in way more revenue than it did back then, even when you control for population growth and inflation. If we want more revenue, we should try to create economic growth so that government is taking a slice from a much bigger pie, not just levy more taxes.
    Quidquid Latine dictum sit altum videtur

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    We should do what has been proven to work.

    That is having a reasonable tax on the top bracket instead of paying for the infrastructure on the backs of the VERY consumers we need to get spending.


    facts are facts.

    What the right claims is going to create disaster has NEVER created the disaster they claim it will.

    It created the oposite of disaster.

    FACTS are FACTS

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    I think this video summarizes things very well.

    Quidquid Latine dictum sit altum videtur

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    Quote Originally Posted by truthmatters View Post
    http://visualizingeconomics.com/blog...ates-1916-2010



    those were good economic years and we won a big war with them
    Nobody paid those rates. Loopholes and deductions. The rich pay more now than ever -- of course it is because there are a lot more rich. You can make more in tax revenue by taking less from more.

    Something you libtards don't understand.

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    Quote Originally Posted by truthmatters View Post
    http://visualizingeconomics.com/blog...ates-1916-2010

    those were good economic years and we won a big war with them
    Why do you feel it necessary to continue to defend what the American public has accepted as reality? Does this victory lie that uneasy on your head? You can stop now. This is the new America. and soon. very soon, your life will change like the rest of ours is going to change too.

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