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

To: c.hinton who wrote (2710)	11/10/2008 2:40:39 PM
From: TimF	Read Replies (1) \| Respond to of 3816

The 50s had a lot of wealth redistribution programs, and tax set ups, but most of the programs, and the general structure of the tax rates was put in place before the 50s. And increasing labor costs, and thoughts that labor could be highly secure lead to long term problems like the near bankruptcy of our car companies. through high taxes. This is an overly complex graph because they try to include too many different things on it at once, but look at top marginal rates for individual income taxes (purple line), compared to individual income tax receipts as a percentage of GDP (red line). Notice how the red line trends up as the purple line trends down. home.att.net