General Discussion

bvar22

(39,909 posts)

13. 6. Tax deductions for the rich could pay off 100 PERCENT of the deficit.

Mon Nov 26, 2012, 12:44 PM

Nov 2012

After WW2, Republican President Dwight Eisenhower said it was the patriotic duty of the RICH and the War Profiteers
to help pay off the deficit.

The Top Tax Rate was set at 91%, and minimum Capital Gains at 25%.
When the national debt was paid off, President John Kennedy lowered the top rate to 72%.

America prospered, and built the largest, wealthiest, most upwardly mobile Working Class the World had ever seen,
AND,....some people STILL Got Rich.

Lets try THAT again!

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6. Tax deductions for the rich could pay off 100 PERCENT of the deficit. bvar22 Nov 2012 #13

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