SESHmmm. Kinda interesting.Tue May 15, 2012 7:21am126.96.36.199The highest Federal Tax bracket in 1963 was 91%.
LBJ (a Democrat, you'll remember) lowered it to 70% -- a 21 percentage point reduction.
The top Federal Tax bracket in 2000 was 39.6%.
Bush II (a Republican, you'll remember) lowered it to 35% -- a 4.6 percentage point reduction.
And all we hear from the Libtards is (1) how drastic the hated "Bush Era Tax Cuts" were, and (2) how it's the Republicans who always want to give the hated "rich" at tax break.
- We became the MOST PROSPEROUS nation on this planet sT, Mon May 14 7:54pmEVER w/top Income Tax rates of 89-94%. We were the 1st & only country to ever do it, & WORKED. We became the MOST PROSPEROUS AND THE MOST POWERFUL. The WAR ON POVERTY WAS WORKING FABULOUSLY, & THEN... more
- the 50's tax rates were 90% RthB, Tue May 15 10:02amBut there were bucketsfull of deductions, writeoffs and credits. Why do you think J. P. Getty paied Zero Income Taxes? Learn the facts. RthB
- & there are STILL bucketsfull of deductions, writeoffs and sT, Tue May 15 4:42pmcredits & MUCH LOWER TAX RATES!
- Even LBJ knew that tax burden was unsustainable. SES, Tue May 15 11:12amThat's why LBJ cut the top rate by over 23%. And during a war, too. That bastard. lol
- 70% was fine; but NOOOO, U sT, Tue May 15 4:49pmIDIOT CONS TOOK IT ALL THE WAY TO 15% FOR THOSE WHO MAKE THEIR $ FROM STOCKS! GREEDY BASSTURDS!
- And which caused more of a reduction in Tax Revenue, Moron? SES, Tue May 15 8:46pmLBJ lowering the top bracket by 21%? Or Bush lowering it by 4.6%? Friggin' moron.
- NEITHER, sT, Tue May 15 9:53pmIDIOT! WHERE IS ALL OF THE TAX REVENUE THAT U ARE BRAGGING ABOUT? NO TAXES HAVE BEEN RAISED IN OVER A DECADE, MORON!
- Math's not your strong suit, eh? SES, Wed May 16 6:14amIf you think RAISING tax rates will INCREASE revenue, then you think that LOWERING tax rates would DECREASE revenue, right you moron? That being the case, LOWERING tax rates by 20% would most... more
- WHERE'S ALL the revenue? Taxes were lowered twice in the sT, Wed May 16 8:22amlast decade & NOT raised once & STILL NOT enough revenue to fight the CON WAR ON DRUGS! U STUPID FREAKING IDIOTS!
- Hmmm. Kinda interesting. SES, Tue May 15 7:21am
- 15% for those who make their $ on stocks. sT, Tue May 15 8:33amRAYgun&cheney'sBUSHco got GREEDY. 71% wasN'T good enough for them.
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