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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (137014)	9/6/2013 1:28:41 PM
From: Metacomet	Read Replies (1) \| Respond to of 149317

'bout everything you ever wanted to know about tax rates is here Federal and state income tax rates have varied widely since 1913. For example, in 1954, the federal income tax was based on layers of 24 income brackets at tax rates ranging from 20% to 91% (for a chart, see Internal Revenue Code of 1954). Overall effective Federal tax rates on the top 0.01 percent of earners have declined from about 70% in 1960 to about 35% in 2005, while effective rates for the middle class have remained constant over the same period.[58] Below is a table of historical marginal income tax rates for married filing jointly tax payers at stated income levels. Note that these income numbers are not the amounts used in the tax laws at the time. en.wikipedia.org It would appear that even with these nominal rates, the very wealthy are continuing to amass the bulk of the countries wealth Effectively removing it from circulation and adding to a sidelined horde of wealth that no human could possibly employ in any meaningful way This is a problem with the application of the tax code that has been so thoroughly manipulated and customized to the benefit of the ultra-wealthy that the nominal rates are a joke ..much as many major corporations are able to avoid any taxation at all, regardless of profitability, thanks to myriad dodges in the code, and the willingness of bought legislators to write in specific loopholes for entities willing to pay for the service Hello Citizens United, good bye economy....