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To: Rapscallion
The Tax Code as it stands in the most “progressive” it's ever been. When Libs use the canard that the economy was better when the top marginal rate was 70% they leave out the inconvenient fact that that was before LBJ's “Great Society”.
6 posted on 07/18/2011 6:44:26 AM PDT by massgopguy (I owe everything to George Bailey)
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To: massgopguy

Back when the marginal rates were around 70%, there were lots of legal deductions that would make the effective rate a lot less. Over the last 30 or so years, the marxists have taking those deductions out of the tax code little by little. They are still at it now by floating the idea of getting rid of the mortgage interest deduction.


36 posted on 07/18/2011 8:16:41 AM PDT by Texas resident (Hunkered Down)
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