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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Mark Mandel who wrote (180470)1/27/2012 1:39:22 PM
From: Sam  Respond to of 541900
 
"Passive income"? And here I thought Mitt was out there creating jobs!

Even given the reality you point to, the cap gains tax was much higher back then, as were the rates on ordinary income. And the rates were far far more progressive. Top rate in the 1960s was something like 72% after JFK lowered them.