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lenazi
Suspended User

Registered: Jul 2009
Location: 40lbs box of rape.
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Aug-26-2009 17:22
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The17sss
C.R.E.A.M.

Registered: May 2008
Location: Charlotte, NC
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| quote: | Originally posted by MrJiveBoJingles
Past 30 years, you says? Whoops! Looks like in 1979, 30 years ago, the top marginal income tax rate was 70%, positively punitive by today's standards, and stayed at 50% or above all the way until 1986. I might be rusty on my history, but did the American economy sputter and die then? I don't think so.
Me oh my, the top tax rate might jump up to 60%, 10% lower than it was all through the 1960s and '70s. Disaster on the horizon!
Keep it up man, I'm having fun. |
You're an idiot. The 1979 70% tax rate was due to one termer Jimmy Carter who also gave us 12% unemployment. It was lowered by Reagan all the way down into the 30% range... which "coincidentally" lead to unprescended job growth (20 million +) and wealth creation, and an increased standard of living. Now we got another tax and spend maniac in the white house and here comes the massive tax burden.
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Aug-26-2009 17:22
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lenazi
Suspended User

Registered: Jul 2009
Location: 40lbs box of rape.
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Aug-26-2009 17:24
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lenazi
Suspended User

Registered: Jul 2009
Location: 40lbs box of rape.
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Aug-26-2009 17:26
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lenazi
Suspended User

Registered: Jul 2009
Location: 40lbs box of rape.
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Aug-26-2009 17:28
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