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Old 04-03-2011, 01:07 PM
 
Location: North America
5,960 posts, read 5,527,741 times
Reputation: 1951

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Quote:
"Moderate" is way too vague to mean anything in the context of your post, especially since you place it against two caricatures.
O.K. Since a former President and a former Vice-President are merely "caricatures" please provide a non-vague "in context" definition of a political moderate.
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Old 04-03-2011, 01:07 PM
 
Location: Brushy Creek
806 posts, read 2,876,462 times
Reputation: 556
Quote:
Originally Posted by passat View Post
The top tax rate under JFK was 90 some percent. I guess that you could consider me a JFK moderate.
Please substantiate? Thank you.
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Old 04-03-2011, 01:17 PM
 
29 posts, read 21,325 times
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Quote:
Originally Posted by Spookmeister View Post
Please substantiate? Thank you.
You were kidding right?

Top US Marginal Income Tax Rates, 1913--2003 (TruthAndPolitics.org)
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Old 04-03-2011, 01:32 PM
 
Location: Tampa Florida
22,229 posts, read 17,792,613 times
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Quote:
Originally Posted by passat View Post
Interesting chart. Arguably the best of times, 50s and 60s. The bad times start in the 80s, and 90s, and look further, the years leading up to the Great Depression. Hmmmmm correlation?
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Old 04-03-2011, 01:36 PM
 
29 posts, read 21,325 times
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Originally Posted by florida.bob View Post
Interesting chart. Arguably the best of times, 50s and 60s. The bad times start in the 80s, and 90s, and look further, the years leading up to the Great Depression. Hmmmmm correlation?
We need to get that top tax rate back to at least 1980 levels to straighten out this country.
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Old 04-03-2011, 01:42 PM
 
Location: North America
5,960 posts, read 5,527,741 times
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Quote:
We need to get that top tax rate back to at least 1980 levels to straighten out this country.
A 1% annual tax on net worth

A 3% National Sales Tax

A 5% National Income Tax

AND THAT'S IT!! Problem SOLVED!!

(Heck, with a national net worth of $55 trillion, the net worth tax would cover 60% of a reasonable federal budget by itself. Win-win! )
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Old 04-03-2011, 01:45 PM
 
Location: Tampa Florida
22,229 posts, read 17,792,613 times
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Quote:
Originally Posted by passat View Post
We need to get that top tax rate back to at least 1980 levels to straighten out this country.
Which is precisely why the Kochs of this Country are fighting and spending so much to buy pols and fool large segments of the society. Even though returning to those successful levels helps them, they fear it. Strange phenomenon, greed.

Last edited by florida.bob; 04-03-2011 at 02:00 PM..
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Old 04-03-2011, 01:55 PM
 
29 posts, read 21,325 times
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Quote:
Originally Posted by florida.bob View Post
Which is precisely why the Kochs of this Country are fighting and spending so much to buy pols and fool large segments of the society. Even though returning to those successful levelsit helps them, they fear it. Strange phenomenon, greed.
That's also why they pay to keep Rush and the rest of the right wing nuts on the air even though the lose money.
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Old 04-03-2011, 01:56 PM
 
Location: Brushy Creek
806 posts, read 2,876,462 times
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Quote:
Originally Posted by passat View Post

No I wasn't. I misunderstood your point to mean he hiked the rate to 90%.

From the chart and footnotes:

<7>For 1954-1963, the highest tax rate was subject to a maximum effective rate limitation equal to 87% of statutory "taxable income."

I'm trying to figure out what your assertion is.
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Old 04-03-2011, 02:31 PM
 
29 posts, read 21,325 times
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Quote:
Originally Posted by Spookmeister View Post
No I wasn't. I misunderstood your point to mean he hiked the rate to 90%.

From the chart and footnotes:

<7>For 1954-1963, the highest tax rate was subject to a maximum effective rate limitation equal to 87% of statutory "taxable income."

I'm trying to figure out what your assertion is.
My assertion is the biggest problem with America today is the accumulation of wealth by the top 1% to the destruction of the rest in the country. I believe that if that rate was still at 90% the jobs would not have gone overseas because there would have been no benefit to the top 1%.
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