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

To: Tenchusatsu who wrote (461232)	3/4/2009 9:15:08 PM
From: i-node	Read Replies (1) \| Respond to of 1574256

>> 75% isn't an arbitrary figure. It's been done before in post-WWII history. The max rate was 70% as recently as 1979, and I seem to recall it was 90% for MFS filing status at that time. It created a person who was married and filing separately could actually LOSE money for each incremental hour they worked.

To: Tenchusatsu who wrote (461232)	3/4/2009 10:37:37 PM
From: SilentZ	Read Replies (1) \| Respond to of 1574256

>75% isn't an arbitrary figure. It's been done before in post-WWII history. I didn't say it was arbitrary. >Since you think the country has thrived the most with high marginal tax rates, then you should be a strong advocate for the 75% rate. That might be too high. I said "higher." >You would also regard the Clinton era as a period of economic stagnation relative to the times when we had higher marginal tax rates. After all, Clinton limited the rate to 39.6%. OMG, what a right-wing nutjob! 39.6% might be around right. We did run a surplus then. We do need to pay down the debt though, which 39.6% wasn't enough to do. -Z