Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: GraceG

I wish we could stick Soros in Gitmo! I was reading that for most of US history the rich had a 90% income tax rate! LOL


50 posted on 03/29/2011 9:34:15 PM PDT by Christus_Rex
[ Post Reply | Private Reply | To 38 | View Replies ]


To: Christus_Rex
I was reading that for most of US history the rich had a 90% income tax rate!

First of all, there was no income tax until 1914. Secondly, the top marginal rate was 90% only between 1940 and 1965.

Lastly, the greatest growth in the GDP came between 1980 and the present, i.e. when marginal rates were lowered.

Do your homework.

87 posted on 03/29/2011 9:58:16 PM PDT by facedown (Armed in the Heartland)
[ Post Reply | Private Reply | To 50 | View Replies ]

To: Christus_Rex

Christus_Rex wrote: “I wish we could stick Soros in Gitmo! I was reading that for most of US history the rich had a 90% income tax rate! LOL”

..... Where exactly did you read the claim of a 90 pct rate “for most of US history? See for example -
http://www.truthandpolitics.org/top-rates.php )

Don’t take this as an attack upon you. I more or less agree with your premise - that our government has evolved into a cynical colony of parasitic political careerists whose principal aim is to enrich themselves and their friends by dispensing “special favors” to those who have learned how to game the DC system and wealthy enough to grease the right palms.


198 posted on 03/30/2011 4:19:52 AM PDT by Senator John Blutarski (The progress of government: republic, democracy, technocracy, bureaucracy, plutocracy, kleptocracy,)
[ Post Reply | Private Reply | To 50 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson