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

To: Alighieri who wrote (585726)	9/15/2010 8:03:53 PM
From: TimF	Read Replies (1) \| Respond to of 1573959

We went two decades nearly with it in place and we experienced the largest and longest economic expansion through it all. 1 - No not the longest or largest (although it was long and large). 2 - The top rates where only applied against very few people. They only kicked in at income levels very few people reached, and most of those where sophisticated enough to use one of many ways to avoid paying the full tax burden their rate would suggest. 3 - Despite effecting only a few people during that period those rates did hurt the economy, its just that so many other factors went the other way. The US was ahead of its competitors in so many ways, we just had a huge advantage (esp. right after WWII when most of the more advanced competitors had rubble for factories). Demographically we had our largest population cohort move in to the years when they began earning money (whole now they are moving in to retirement). Our economy was less regulated. State taxes where lower. State and federal spending was lower. Etc...