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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: Steve Dietrich who wrote (88918)	1/10/2008 4:28:48 PM
From: HPilot	Respond to of 93284

Really, taxes were lower? Marginal rates were in the 90's and as a % of GDP taxes were at record highs too. But you say taxes were lower than they are now? Before WW II the top rate was over 80% for those who made over 5 million dollars. But almost nobody paid that much, each loan you had (not just your home of dwelling), each losing business, each stock you sold at a loss brought that down. Oh maybe you made 20 million had tax adjustments that brought you taxable income down to 6 million and then paid 85% of that. They had tax shelters back then. During the war many of the tax exemptions were reduced or stopped, but it was soon started back. Most of America only paid 10% on their income tax before war. Of course the rates went up after the war. Really, Pearl Harbor pales in comparison to 9-11? I guess you're entitled to your opinion. Compare a bombing that wiped out dated battleships, then the entire population helped to win a war, to a suicide bombing of a major financial building that killed thousands of civilian workers, then only a fraction went to war with over half of the population who did not care or actively campaigned for defeat. Yes Pearl Harbor paled in comparison.