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Message Subject In the 1950's & 1960's the top tax rate was 70-92% so what is repubs malfunction?
Poster Handle Anonymous Coward
Post Content
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.
 Quoting: Anonymous Coward 955328


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 portion 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.
 
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