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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?


To: pstuartb who wrote (25130)6/11/2011 6:26:54 PM
From: bentway1 Recommendation  Respond to of 119360
 
You left out the TAX RATES post WWII!

taxfoundation.org

Top rate = 91% until Kennedy rolled it back to a more reasonable 71%! ( The ONLY time cutting taxes generated more revenue!)

That's what paid down our massive WWII debt, while simultaneously bulking up for the Cold War. When you fear a nuke dropping on your head, YOU PAY!



To: pstuartb who wrote (25130)6/11/2011 7:58:09 PM
From: koan  Respond to of 119360
 
How about the massive deficit spending (stimulus) gave everyone a job, which they used to pay off their debt, taxes and start businesses?



To: pstuartb who wrote (25130)6/11/2011 9:57:41 PM
From: LTK0071 Recommendation  Respond to of 119360
 
Dead on target your response to Koan. If he doesn't get it, it is his loss.
BTW, i read that the nationsl deby in 30s amounted to 500 dollars per capita, and that corrected for inflation.
What's our latest per capita portion of the National Debt???
Shiver me timbers, that MUCH! OMG, the ghost of Lord Keynes just fainted as he gasped "They have GONE INSANE!":) Max



To: pstuartb who wrote (25130)6/12/2011 11:04:47 AM
From: Les H2 Recommendations  Read Replies (1) | Respond to of 119360
 
Tax rates stayed elevated for 20 years after WWII. Personal exemptions were cut in half.

taxpolicycenter.org