I visit left leaning web sites all the time, and this 91% lie is one of their favorites.
We will NEVER be able to move forward until this lie is crushed once and for all.
Schiff is using records to prove that practically NOBODY made enough money in the 50’s to fall into the 91% tax rate. He also goes on to prove that practically nobody paid the other upper tax rates. Also, the lower income earners ALL paid taxes unlike today where many people pay ZERO taxes.
This is information that MUST get out there in order to win these tax arguments.
Schiff is using records to prove that practically NOBODY made enough money in the 50’s to fall into the 91% tax rate. He also goes on to prove that practically nobody paid the other upper tax rates. Also, the lower income earners ALL paid taxes unlike today where many people pay ZERO taxes.
This is information that MUST get out there in order to win these tax arguments.
If 91% taxation of the “rich” is the road to prosperity, then why not 91% taxation of everyone?
A local government employee did a study of libraries. The results of which indicated that libraries return $4 for every $1 collected in local taxes. I suggested that we immediately shut down our schools and local government and put all the money in libraries. Then we’d all be rich.
I think the take-away information in that article is "Yes... and the poor were paying 20%. Do they now? You want to go back to that? Because that's what really made it work." That oughtta shut them up for a minute or two.