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Politics : John McCain for President -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (4491)10/16/2008 8:35:39 AM
From: Nicholas Thompson  Read Replies (1) | Respond to of 6579
 
you are correct, and today most big earners pay low actual rates as well, after all the ways to avoid top rates, the difference today is that the top 1% of people control a much higher percentage of wealth and income than in years previous all the way back to the 1920's when things were also unbalanced, setting up the situation which led to the depression. .



To: longnshort who wrote (4491)10/17/2008 1:50:02 AM
From: Sr K  Respond to of 6579
 
The top rate in the 1950s was 91%. JFK proposed to lower it to 70%.

Cap gains were taxed 25% for 6 months and a day or longer AFAI Remember.


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