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Ted Kennedy - dead at 77 (pg. 6)
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| lenazi |
| i think the17sss is slylee's alt. has to be. |
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| lenazi |
| quote: | Originally posted by The17sss
like you'r some pillor. |
thems edumactedmation schuul me good;) |
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| The17sss |
| 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. :haha: |
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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| The17sss |
| quote: | Originally posted by lenazi
thems edumactedmation schuul me good;) |
you've never made a typo... my bad, professor. |
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| lenazi |
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| Halcyon+On+On |
| If you're trying to insult him, that's not going to work. :stongue: |
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| MrJiveBoJingles |
| quote: | Originally posted by The17sss
You're an idiot. The 1979 70% tax rate was due to one termer Jimmy Carter who also gave us 12% unemployment. |
Might want to check it again:
http://www.truthandpolitics.org/top-rates.php
70% top tax rate was in effect since 1971, six years before Carter even took office. And before that it was even higher, during those horribly unprosperous 1960s, LOL.
Come on, throw me another softball. :stongue: |
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| lenazi |
| Man it is always those from the south . Weird this one has all of his teeth too. |
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| enydo |
| Oh man, I really wish I didn't have to go to class. |
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| MrJiveBoJingles |
| quote: | Originally posted by lenazi
Man it is always those from the south too. |
Shut it, I am from the south. Was born in Canada, though. ;) |
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| lenazi |
"tax and spend"
bush going to war against the "evil doers" was free i guess. :haha: |
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| iTranscendence |
| quote: | Originally posted by The17sss
I'll answer anyway- it's the principle of the matter for me. It's always "well just pay a little more... just pay a little bit more, what's the big deal?" And the people who usually say that are the ones who don't get routinely soaked with ever increasing rates and therefore have no problem with the concept. Take Joss' statement from the 1st page of this thread for example- he said he'd gladly give away 75% of his paycheck if it would do positive things for his community. Haha really? We're expected to believe that if he was making $100,000 per year, he'd gladly live off of $25,000 and give $75K away?
Now in the U.S. you basically have 44% of the population NOT paying taxes, and the top 1% of earners' tax revenue has matched the bottom 95%. When people with money get taxed excessively, at least in this country, once that 50% threashold hits them, the wealthy stop investing and taking risks with their money which spur economic growth. |
| quote: | "When the people find they can vote themselves money,
that will herald the end of the republic." |
-Benjamin Franklin |
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