Popping the balloon of the left wing 1950s tax lies

C

canceled.2021.1

#AMERICAISDEAD
http://online.wsj.com/article/SB10001424127887324705104578151601554982808.html?mod=googlenews_wsj

All we hear from left wing moon bats is that "In the 1950s the top marginal rate was 90% blah blah blah", but like all things the left wing spews, there is more to the story as the above article points out.

Of interesting note is that those making $5,000 a year in 1950 paid a 20% marginal tax rate. So in the interest of "fairness" lets take all of our tax rates back to the 1950s. 100%. You libtards game?

I am sure the left wing nutjobs will kvetch and squawk but they won't be able to refute facts.
 
I am guessing the libtardiot braintrust like Althea are just compiling all of their stats and will just nuke this thread out of the water given how smart we hear these women are supposed to be. Time will tell.

CRICKETS
 
Althea said:
You make this way too easy.

Using this calculator
http://146.142.4.24/cgi-bin/cpicalc.pl?cost1=5000&year1=1950&year2=2012

You will notice that 5k in 1950 equals just under 48k today.

Using this table
http://taxes.about.com/od/Federal-Income-Taxes/qt/Tax-Rates-For-The-2012-Tax-Year.htm

You will see that the rates are virtually the same.

Anything else I can help you with today?

Moron
Click to expand...

You could help by actually knowing what the fuck you are talking about which you obviously don't. You don't know the difference between effective tax rates and marginal tax rates do you? Maybe you should actually know what the fuck you are talking about before you call others morons you dumbass.


Talk about making this too easy.

:rofl2:
 
I Love America said:
You could help by actually knowing what the fuck you are talking about which you obviously don't. You don't know the difference between effective tax rates and marginal tax rates do you? Maybe you should actually know what the fuck you are talking about before you call others morons you dumbass.


Talk about making this too easy.

:rofl2:
Click to expand...
Proof positive that some morons simply aren't teachable.

You inquired about marginal tax rates.

I gave you a table of marginal tax rates.

Get any 5 year old to explain it to you
 
The point being made is, if the proportion of taxes, the burden on all taxpayers, is relatively the same as in the '50's, why harp on returning to those rates....?
Considering the proportion of income earned.

You blow a hole in you own bullshit claims......thats the point.

Actually, the proportion paid by the wealthiest is higher today than in the '50's

If the figures are correct....

In 1958, the top 3% of taxpayers paid 29.2% of all federal income taxes.
In 2010, the top 3% of taxpayers paid 51% of all federal income taxes.

So whats you point ?
 
I Love America said:
Now that Homo Howey is back AGAIN. Maybe he will tackle this
Click to expand...

Gladly...first, Schiff is a shit.

http://bcove.me/nldt43k5

http://www.americanprogress.org/iss...841/the-myth-of-the-lower-marginal-tax-rates/

Second, it's nearly impossible to compare tax rates from the 50s to today because of the changes made to the tax code between then and now.



Not only that, what was considered rich then would be considered "well off" today. The economic boom following WWII was astronomical, and in order to finance it we needed revenue. (See the connection to today?) What was considered the middle class of those days financed the war through bonds, taxes on the rich helped pay them back. Today, our wars are financed through loans from China and the middle class is stuck with paying them.

As more and more ppl got rich and richer, the poor got poorer. As tax rates continued dropping, the matter got worse.


The number of millionaires was marginal up to 1950. There weren't even more than millionaires until the 1980's. There was ONE billionaire in 1978, 51 in 1988, and today there are 403.


The fact and the truth are simple: History proves that high taxes on the wealthy help the economy, not hurt it.
 
Althea said:
Proof positive that some morons simply aren't teachable.

You inquired about marginal tax rates.

I gave you a table of marginal tax rates.

Get any 5 year old to explain it to you
Click to expand...

Actually, it is my bad, I misquoted the article. It is supposed to be effective tax rate for those making $5000. You obviously didn't read the article. Not surprising as it doesn't fit your ideology of being jealous of others and wanting their stuff. Why is it you can't work for your own things?
 
Howey said:
Gladly...first, Schiff is a shit.

http://bcove.me/nldt43k5

http://www.americanprogress.org/iss...841/the-myth-of-the-lower-marginal-tax-rates/

Second, it's nearly impossible to compare tax rates from the 50s to today because of the changes made to the tax code between then and now.



Not only that, what was considered rich then would be considered "well off" today. The economic boom following WWII was astronomical, and in order to finance it we needed revenue. (See the connection to today?) What was considered the middle class of those days financed the war through bonds, taxes on the rich helped pay them back. Today, our wars are financed through loans from China and the middle class is stuck with paying them.

As more and more ppl got rich and richer, the poor got poorer. As tax rates continued dropping, the matter got worse.


The number of millionaires was marginal up to 1950. There weren't even more than millionaires until the 1980's. There was ONE billionaire in 1978, 51 in 1988, and today there are 403.


The fact and the truth are simple: History proves that high taxes on the wealthy help the economy, not hurt it.
Click to expand...

maybe you can tell your fellow libtardiot fuck faces to stop comparing 1950s tax rates
 
Howey said:
And this is why noone ever replies to you. Troll.
Click to expand...

Yet here you are responding. I am beginning to think the toxoplasmosis is starting to take its toll.

First you leave after having a little bitchy hissyfit, then come crawling back

Then you leave saying you will never come back here, and you come back again

Then you leave saying you will never come back again, yet you come back again

Now you say nobody responds to me while responding to me.

You are my little gay bitch.
 
I Love America said:
Actually, it is my bad, I misquoted the article. It is supposed to be effective tax rate for those making $5000. You obviously didn't read the article. Not surprising as it doesn't fit your ideology of being jealous of others and wanting their stuff. Why is it you can't work for your own things?
Click to expand...
Of course I read your article. A right wing load of nonsense. I noticed he skipped from 1950, right to Reagan, without any mention of the Johnson tax cuts that reduced marginal rates considerably, and created payroll deductions.

There are plenty of articles that accurately address the tax issues of each decade. You just choose not to read them.
 
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