The time to TAX THE POOR has come...

Nordberg said:
Top rate was 94 percent in1945. It was in the 70s when Reagan got into office and 28 when he left.
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For the UNEDUCATED:

Taxes on the Rich Were Not That Much Higher in the 1950s

There is a common misconception that high-income Americans are not paying much in taxes compared to what they used to. Proponents of this view often point to the 1950s, when the top federal income tax rate was 91 percent for most of the decade.[1] However, despite these high marginal rates, the top 1 percent of taxpayers in the 1950s only paid about 42 percent of their income in taxes. As a result, the tax burden on high-income households today is only slightly lower than what these households faced in the 1950s.

The graph below shows the average tax rate that the top 1 percent of Americans have faced over the last century. The data comes from a recent paper by Thomas Piketty, Emmanuel Saez, and Gabriel Zucman that attempts to account for all federal, state, and local taxes paid by different groups of Americans over the last 100 years.[2]

https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/

Average-Effective-Tax-Rate-on-the-Top-1-Percent-of-U.S.-Households.png
 
Does anyone want to know just how stupid the left is? Case in point,.... Politalker got 10 pages out of her TAX THE RICH thread. My TAX THE POOR thread is at THIRTEEN PAGES! :laugh: Oh those poor dumb bastards.

:magagrin:
 
volsrock said:
The Progressive Tax Myth

For example, in 1960 the statutory top marginal rate on filers reporting over $1 million in income sat at 91 percent. The actual effective tax rate paid for the same million-dollar bracket was just 46 percent due to the use of deductions and other legal techniques to reduce one's overall tax burden. Second, top marginal rates tell us very little about where the locus of the actual tax burden sits across all income earners.


https://www.usnews.com/opinion/articles/2017-10-31/taxes-werent-more-progressive-in-the-1950s
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They don't understand the concept of EFFECTIVE tax rate. :thumbsup:
 
Bulletbob said:
your A IDIOT , THE TAX SYSTEM SHOULD BE FAIR FOR ALL .
every One SHOULD PAY THE SAME TAX RATE THATS FAIR
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Oh yes.

The only fair tax is a consumption tax...a flat tax.

Everyone who consumes pays the same tax rate.

It's totally fair...which is why we will never have it.

The Democrats must have their serfs on the plantation.
 
Truth Detector said:
For the UNEDUCATED:

Taxes on the Rich Were Not That Much Higher in the 1950s

There is a common misconception that high-income Americans are not paying much in taxes compared to what they used to. Proponents of this view often point to the 1950s, when the top federal income tax rate was 91 percent for most of the decade.[1] However, despite these high marginal rates, the top 1 percent of taxpayers in the 1950s only paid about 42 percent of their income in taxes. As a result, the tax burden on high-income households today is only slightly lower than what these households faced in the 1950s.

The graph below shows the average tax rate that the top 1 percent of Americans have faced over the last century. The data comes from a recent paper by Thomas Piketty, Emmanuel Saez, and Gabriel Zucman that attempts to account for all federal, state, and local taxes paid by different groups of Americans over the last 100 years.[2]

https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/

Average-Effective-Tax-Rate-on-the-Top-1-Percent-of-U.S.-Households.png
Click to expand...

Are you now going to claim that in 2021 the marginal rate the 1% is supposed to pay and the effective rate that they ACTUALLY pay are the same?

I simply LOVE how you cherry pick your "facts".
 
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