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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (287383)5/9/2006 10:25:33 PM
From: bentway  Read Replies (1) | Respond to of 1572871
 
Sorry bub. From 1951 to 1964 the top rate on incomes over $200,000 was 91%. And somehow, we STILL had rich people!

ctj.org

I'm not advocating a return to the 91% top rate. But 50% on incomes above $300,000 might not be out of line, in a time of war. During WW II, the war Bush LOVES to compare Iraq with, the top income tax rate was 94%! FDR believed in trying to PAY for his war.

I think capital gains should be taxed the same as regular income.


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