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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (43666)	6/9/2010 12:03:41 PM
From: TimF	Read Replies (1) \| Respond to of 71588

The link very strongly supports my claim about income taxes. Yes the rates go very high, but not for the middle class. Those high rates only applied to a small percentage of the population. Most people paid the rates at the lower end, ranging from slightly lower, to about the same, to slightly higher than what their equivalent in terms of income percentile would pay now. They also had the ability to deduct ordinary interest expenses, which was taken away with later tax reform. And the other taxes where lower. I've shown the state data. I could link to federal payroll tax rates, but if you don't accept that they are lower, its not even worth talking to you about the issue. If I'm supposed to have the burden of proof that 1+1=2 than conversation with you is useless, and no longer interesting. Your not ignorant enough about political history to not know that the rates today are much higher than they where in the past. What the hell I'll post the rates anyway. In 1950 the payroll tax rate was 2 percent.. In 1956 payroll taxes where increased to 4 percent (I'm not sure what they where before, but if it really matters I can find out.) In 1961 6%. Medicare was added in 1965 for an additional 2.9%. So you have 2 percent to 8.9% against 15.3%. Middle class people today pay 6.4% to 13.3% more than the middle class of that period (the 50s and the 60s). And that's with essentially no deductions, which strengthens the effect of the increase compared to a similar sized change in income taxes. This by itself is enough to just about prove that I am right. And the misc federal taxes where lower. You can discount that if you want, since I haven't actually demonstrated it (its too small of factor to matter much, and would take far too much research, unless someone pays me to do it), but it's true none the less.