But it never made sense that obama, when he had the house and senate, didn’t ask for a 90 percent top bracket income tax.
He was/is a monster.
But I wondered about that.
We had 95 percent once way back for top bracket
The Kenyan from Indonesia had time for one big thing 2009-2010.
We are lucky that he chose healthcare, we would have been lucky if he had done the 90% tax thing.
Those can be fixed later.
Had he gone for amnesty, that would have been irreversible.
Because he did not do that, we still have a fighting chance of keeping our country.
We MUST elect Republicans that side with the citizens and the rule of law and replace every amnesty supporting Bush League Republican.
>>We had 95 percent once way back for top bracket<<
But there were so many loopholes that the top bracket rarely paid over 10-20%
That was the deal when they truly (and for the last time, sadly) overhauled the tax system. The loopholes disappeared — BY AND LARGE — and the brackets reduced.
The only people who got hit by the 95% tax bracket were people on “The Twilight Zone” who asked a genie for a million dollars.