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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: gamesmistress who wrote (24014)8/19/2012 1:54:45 PM
From: bentway  Read Replies (2) | Respond to of 85487
 
" So if the tax rate jumped to 90%"

Like it used to be?

taxpolicycenter.org

Now, I know you'll say "Nobody actually PAID that!". And it's TRUE. The accountants of the wealthy whacked it down to 50%, went to their wealthy clients and said "Look, I've saved you 40%!" - and both were well pleased!



To: gamesmistress who wrote (24014)8/19/2012 1:57:34 PM
From: Wharf Rat  Read Replies (1) | Respond to of 85487
 
"So if the tax rate jumped to 90%, we should all just knuckle under like good little sheep and pay it"

Top rate? Once, we did exactly that, and called it patriotism.

taxpolicycenter.org

"we should all just knuckle under"?
If you're in the top bracket, congrats, and feel free to join those other unAmericans in Hong Kong.


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