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Why do people keep asking for the old days with the 91% tax rate? Do they realize that today the effective tax rate is nearly the same as it was then. Not only
by curt 14y ago
Why do people keep asking for the old days with the 91% tax rate? Do they realize that today the effective tax rate is nearly the same as it was then. Not only that but today the 'rich' carry a far larger percentage of the overall tax burden.
- Kliment 14y ago[citation needed]
- chaz 14y agoThe contention is that 1950s tax law enabled tax shelters which allowed wealthy filers to heavily reduce their income tax bill. http://online.wsj.com/article/SB10001424127887324705104578151601554982808.html http://online.wsj.com/article/SB1000142412788732470510457815...
- paulhauggis 14y agoEven if the rich paid 100% in taxes, there will still be people complaining...
- phaemon 14y agoThat's very odd, putting 'rich' in quotes like that. It's as though you're trying to imply they're not really rich. But that would mean that it's not the rich who're carrying a larger percentage of the tax burden after all. Which negates the very point you were trying to make! You seem a little conflicted on this issue ;-)