62% Total Tax Rate is simply mind blowing.. (retired, state, depression)

[EinsteinsGhost]

Originally Posted by SourD

Pay your fair share. How does 90% sound?

Do you know how tax rates work?

[SourD]

Originally Posted by EinsteinsGhost

Do you know how tax rates work?

I know that you're not paying your fair share.

[desertdetroiter]

Originally Posted by 90sman

Do you think that's good or bad?

The wealthy paid over 90% of their income to taxes in the 1950s. That was when middle class families were actually seeing positive growth.

That was 90% on income over 300k.

Otherwise, i'm with you.

[EinsteinsGhost]

Originally Posted by SourD

I know that you're not paying your fair share.

Okay, so you know that. But do you know how tax rates apply? I would like to see you explain that.

[HappyTexan]

Originally Posted by desertdetroiter

That was 90% on income over 300k.

Otherwise, i'm with you.

Who would want to earn more than $300K when you give away $.90 of every dollar you earn ? Earn $1.00 and keep $.30 of it ?

That's just crazy.

[desertdetroiter]

Originally Posted by HappyTexan

Who would want to earn more than $300K when you give away $.90 of every dollar you earn ? Earn $1.00 and keep $.30 of it ?

That's just crazy.

I wouldn't want to do it. 300k was a lot of dough back then, and we had war debts that needed to be paid off. Ike had no problem with it.

Right now, i wouldn't endorse a 90% tax on ANY amount of income. That's insanity.

[EinsteinsGhost]

Originally Posted by HappyTexan

Who would want to earn more than $300K when you give away $.90 of every dollar you earn ? Earn $1.00 and keep $.30 of it ?

That's just crazy.

Good point. Perhaps it is crazy to ensure that incomes in the top brackets don't keep multiplying at the expense of majority of America, like those crazy Europeans. Never mind the fact that $300K in the 1950s would be about $2.5 million today.

[SourD]

Originally Posted by EinsteinsGhost

Okay, so you know that. But do you know how tax rates apply? I would like to see you explain that.

You still won't be paying YOUR fair share. Get it yet? You want to say the rich aren't paying their fair share when they pay way more than you do. So when are you going to start paying your fair share?

[legalsea]

Since most of you posters obviously do not work, and have no intention of working, then the tax rate is, for said posters, rather moot.

I mean, how much can you make by posting on this board all day long?

[SourD]

Originally Posted by legalsea

Since most of you posters obviously do not work, and have no intention of working, then the tax rate is, for said posters, rather moot.

I mean, how much can you make by posting on this board all day long?

I heard the many Soros media groups pay pretty well.