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former9thward

(33,424 posts)

10. You really want to compare the 1920s to a hundred years later?

Reply to JHB (Reply #8)

Thu Jan 2, 2020, 09:34 AM

Jan 2020

In the 1920s government did not need much money to run, Our military was almost non-existent. No government pensions. No medicare, etc. No government building projects to speak of. We didn't even have an interstate highway system in those years. Very few people employed by the government, So to compare the two periods for income tax purposes is apples and oranges.

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The IRS Just Released New 2020 Tax Brackets. Here's What They Mean. [View all] mfcorey1 Jan 2020 OP

Thanks. lunatica Jan 2020 #1

We have more than 2 children, we got royally screwed last tax season uponit7771 Jan 2020 #2

How did having more than 2 children royally screw you last year?!?! I have 3 kids... cbdo2007 Jan 2020 #12

The increase in child credit was less than standard deduction for five people uponit7771 Jan 2020 #13

Thanks for posting Sherman A1 Jan 2020 #3

"The United States has a progressive tax system." progressoid Jan 2020 #4

Technically, but #7 below proves your point JHB Jan 2020 #8

You really want to compare the 1920s to a hundred years later? former9thward Jan 2020 #10

Yes I do, because I'm comparing progressivity, not the rates themselves JHB Jan 2020 #11

People love to complain about our tax system but it is pretty progressive, former9thward Jan 2020 #15

The article has a good explanation of Marginal vs. Effective Tax Rate. klook Jan 2020 #5

I am a payroll admin Freddie Jan 2020 #6

No, the tax rates did not go up. former9thward Jan 2020 #16

Historical comparison on where the brackets lay... JHB Jan 2020 #7

Funny how I'm not making more money yet I'm somehow higher on the tax bracket ck4829 Jan 2020 #9

Looks like I still don't make enough to pay any income tax. Woot! Woot! Kaleva Jan 2020 #14

Is it official to delay paying IRS by July 15? at140 Mar 2020 #17