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Since conservatives want to return to the 1950s, let's return our top US tax rate to the 50s as well

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FLAprogressive Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 07:44 PM
Original message
Since conservatives want to return to the 1950s, let's return our top US tax rate to the 50s as well
http://www.truthandpolitics.org/top-rates.php

From 1951-1963, anyone making over $400,000 could have any income over that taxed up to 91 percent. Adjusting for inflation, $400,000 in 1963 would be $2,784,006.46. So why aren't we taxing those making that much that same amount today?

And the kicker is: People were taxed like this during all of Dwight D. Eisenhower (the great socialist)'s 8 years in office!
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Catshrink Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 07:45 PM
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1. Good point!
Of course that income would disappear to the Caymans.
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FLAprogressive Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 07:48 PM
Response to Reply #1
2. but the economy was pretty damn good back then
And there were (and still are) Swiss bank accounts and the like.....
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Laelth Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 08:26 PM
Response to Original message
3. Good plan. k&r n/t
:dem:

-Laelth
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