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

To: Tenchusatsu who wrote (708596)4/11/2013 6:18:25 PM
From: SilentZ1 Recommendation  Read Replies (1) | Respond to of 1574005
 
>
Z, there is no correlation to progressive taxation there. The top tax bracket was 90% back then, but that was on income well over $2.5M in today's dollars, and even then, the rich usually paid no more than 40% thanks to the VERY generous deductions allowed.

40% is pretty high compared to now. Romney paid 13% in the one return that he decided was high enough to allow to be released.

-Z


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