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Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (2667)11/10/2008 12:22:27 PM
From: TimF  Read Replies (1) | Respond to of 3816
 
do you think loop holes did not exist in the 20s.

No to the same extent, and also loopholes mean much less with lower tax rates. It often costs money and effort to take advantage of them. If the tax rate is 90% its worth a lot more money and effort to take advantage of them, than if the tax rate is 25% (the top tax rate from the Revenue Act of 1926 until the Revenue Act of 1932)


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