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In the 1950's & 1960's the top tax rate was 70-92% so what is repubs malfunction?
Ms Sans Serif
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[quote:Anonymous Coward 1283316:MV8xNTYzMzM5XzI3Njg3MzAxX0Y5RUI4QzlD] [quote:Anonymous Coward 955328:MV8xNTYzMzM5XzI1ODMwOTgwX0MzMENBMjU=] Because those kind of rates are immoral. No one should have to pay more than half their income in taxes. Just because those were the rates back then doesn't make it a good thing. [/quote] You do understand the concept of tax brackets, right? No-one pays "more than half their income in taxes," even at a 70-92% tax rate. That rate would apply to the [b]portion[/b] of one's income above some high threshold (i.e. by the time you're paying that rate you're already "earning" more in a single year than most people will work their asses off for their entire life and not match.) Taxes are what we pay for a civilized society. The fact that there are huge deficits and we are seeing state and local governments cutting schools, fire departments and policing means that taxes are not high enough. There are only so many "cuts" that can be made, despite what the Tea Party talking heads tell you on TV. [/quote]
In the 1950's & 1960's the top tax rate was 70-92%
USA laid the interstate system, built the Internet, put a man on the moon, defeated Communism, their education system was the envy of world, their middle class thriving, their economy was unparalleled. You want that back? Raise the fucking taxes on the rich!
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