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"Name a Country Where 70% Tax Worked" [View all] FoxNewsSucks Mar 2021 OP
Actually it was 1981 was when Raygun started fucking the country. rickyhall Mar 2021 #1
Including taxing social security. dhol82 Mar 2021 #2
And they've never stopped trying sandensea Mar 2021 #26
Excellent graphic! calimary Mar 2021 #36
Thanks sandensea Mar 2021 #37
LOVE this one, too!!! calimary Mar 2021 #39
Mind if I borrow that? nattyice Mar 2021 #42
That's one of my favorites! It's so true. CaptainTruth Mar 2021 #50
This framing always irks me moose65 Mar 2021 #3
True, whoever made this left out the word "marginal" FoxNewsSucks Mar 2021 #4
Right, but wryter2000 Mar 2021 #10
"Marginal" wasn't mentioned originally (when Dell was told at once the US had the rate up to 1980) muriel_volestrangler Mar 2021 #31
We worship rich guys and pretend they know about things they have no idea about Johnny2X2X Mar 2021 #47
That's why so many vastly overestimate how much they pay in income tax. Mariana Mar 2021 #5
Mitt Romney's was 14%. Grins Mar 2021 #41
Romney intentionally overpaid tax that year Mariana Mar 2021 #48
Either percentage, the 9% or 14% are less than my effective rate. Caliman73 Mar 2021 #60
Thank you x 1000 Ferrets are Cool Mar 2021 #11
Exactly! Glaisne Mar 2021 #34
-- soldierant Mar 2021 #56
And every tax giveaway to the rich is called a "jobs bill". louis-t Mar 2021 #58
Back in the day, EVERYTHING was a deduction. WarGamer Mar 2021 #6
Wrong. Many of today's deductions are fairly new. PSPS Mar 2021 #9
Good reading for you WarGamer Mar 2021 #12
You're conflating marginal tax rate with average tax rate. SunSeeker Mar 2021 #18
I'm conflating nothing. WarGamer Mar 2021 #20
Yes you are conflating it, and you're citing 2016 stats. I cited 2019 stats. SunSeeker Mar 2021 #25
Hardly... WarGamer Mar 2021 #33
This message was self-deleted by its author SunSeeker Mar 2021 #52
Your 2016 stats were rendered irrelevant by Trump's 2017 tax cuts for the rich. SunSeeker Mar 2021 #53
Also, the Federal income tax isn't the whole picture. PETRUS Mar 2021 #44
Yup. Payroll taxes, sales taxes, utility/use fees, etc. are how the poor get soaked with taxes. SunSeeker Mar 2021 #51
I was heavily involved in taxes at that time twodogsbarking Mar 2021 #62
No one ever mentions that those high rates are *marginal* tax rates. tblue37 Mar 2021 #7
In 1952...The top 1% of earners paid an average 32% rate. WarGamer Mar 2021 #14
Many people have no idea what a marginal tax system is Bonn1997 Mar 2021 #57
Very few people would pay a 70% income tax. Calista241 Mar 2021 #8
Would it be possible to make multiple capital gains tax rates? jmowreader Mar 2021 #13
YES!! One of the best ideas... WarGamer Mar 2021 #15
A lot of CEO's are of the age to take social security. Calista241 Mar 2021 #16
Right, Wealthy people need to pay more taxes for sure JI7 Mar 2021 #28
I'm curious, how much do you think they need to pay? OnlinePoker Mar 2021 #46
what was the top 10% share of GROSS income? Moostache Mar 2021 #49
Their gross income was 46.6% of all gross income earned that year. OnlinePoker Mar 2021 #55
Or treat all incoming money from whatever source as basic income. OnlinePoker Mar 2021 #45
In some cases, the capital gains rate is a useful tool jmowreader Mar 2021 #54
So tax capital gains at the same marginal rates that person would have for income muriel_volestrangler Mar 2021 #35
How can anyone be so uninformed as to make comments like that? BobTheSubgenius Mar 2021 #17
The 1982 top marginal rate was 50 percent. roamer65 Mar 2021 #19
Tax the rich baby ZonkerHarris Mar 2021 #21
And Republicans Call That Time In Our History "The Good Old Days" ChoppinBroccoli Mar 2021 #22
The rich hated it because their net worth wasn't keeping up with inflation Warpy Mar 2021 #23
Let's also look at the distribution of those rates. JHB Mar 2021 #24
This. NoMoreRepugs Mar 2021 #27
Do A Little Research Mr. Dell colsohlibgal Mar 2021 #29
The following companies had effective rates of 0% or less, according to the report: UpInArms Mar 2021 #30
not a good meme, the effective tax rate was never that high Amishman Mar 2021 #32
Uh...this one Picaro Mar 2021 #38
I never buy Dell and never will. Thanks for reminding me. /nt bucolic_frolic Mar 2021 #40
I'm sorry. Aussie105 Mar 2021 #61
People built companies and did massive R&D in those days JCMach1 Mar 2021 #43
Dell's brain is controlled by his spite for taxes and regulation. KY_EnviroGuy Mar 2021 #59
It depends on how one defines "worked." And Republicans have a different definition. Beartracks Mar 2021 #63
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