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Old 05-11-2015, 05:10 PM
 
Location: Old Bellevue, WA
18,782 posts, read 17,316,678 times
Reputation: 7990

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Quote:
Originally Posted by Ariadne22
There is a reason the GOP defunds education. Gullible ignorance is the enemy of critical thinking. Lack of critical thinking promotes belief in fraudulent propaganda.
No one has defunded education. K-12 spending per pupil, inflation-adjusted, more than doubled from 1970 to 2010.

CARPE DIEM: Education Spending Doubled, Stagnant Test Scores
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Old 05-11-2015, 05:28 PM
 
Location: Someplace Wonderful
5,177 posts, read 4,776,594 times
Reputation: 2587
Quote:
Originally Posted by chuckmann View Post
The top MARGINAL rate was indeed 91%

Most do not understand the difference between marginal and effective rates.

In the following source, please note the reduction of the number of brackets over time.
SOURCE
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Old 05-11-2015, 05:30 PM
 
34,274 posts, read 19,305,051 times
Reputation: 17256
Quote:
Originally Posted by wutitiz View Post
No one has defunded education. K-12 spending per pupil, inflation-adjusted, more than doubled from 1970 to 2010.

CARPE DIEM: Education Spending Doubled, Stagnant Test Scores
I think we've begun spending too much for the administration of our schools, and not enough on the education and teaching positions.
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Old 05-11-2015, 06:54 PM
 
Location: Old Bellevue, WA
18,782 posts, read 17,316,678 times
Reputation: 7990
Quote:
Originally Posted by greywar View Post
I think we've begun spending too much for the administration of our schools, and not enough on the education and teaching positions.
We can agree on that point. In my state less than 50% of ed spending goes directly into the classroom, including teacher salaries, books, materials, building costs, etc. A majority of the spending goes to administration and other costs outside of the classroom.
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Old 05-11-2015, 07:40 PM
 
Location: New York Area
34,719 posts, read 16,746,807 times
Reputation: 29842
Quote:
Originally Posted by WilliamSmyth View Post
Funny how you end your post concerning the "Liberal Myth" by quoting that famous Liberal Ronald Reagan who based on the quote was a believer of the 91% tax rate myth.
Reagan was indeed a liberal Democrat, at least during the 1948 election. He famously helped Truman capture California at a time when it was not a reliably "blue" state.

As for the tax rate, numerous "loopholes' brought the effective rate way down. Those were progressively reduced and eliminated, culminating in the Tax Reform Act of 1986.
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Old 05-11-2015, 07:43 PM
 
Location: New York Area
34,719 posts, read 16,746,807 times
Reputation: 29842
Quote:
Originally Posted by greywar View Post
I think we've begun spending too much for the administration of our schools, and not enough on the education and teaching positions.
The elephant in the closet here are consultants. Google "Pearson."
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Old 07-27-2015, 11:44 AM
 
4,040 posts, read 2,546,479 times
Reputation: 4010
I know this is a bit old, but I have read through it and my question really isn't addressed sooo


What harm could possibly come from raising the rate on the very very wealthy?

Tax Brackets. The big news is, of course, the tax brackets. Here’s what they look like for 2015: Individual Taxpayers


Why on Earth do we stop at 413K?

It is equally absurd to have that teeny bracket of 411,500-413,200.

If we were to create a few more levels something like:

500K-1M = 40%
1m-5M = 45%
5M-10M = 50%
10M-50M = 55%
50M+ = 60%

You could greatly reduce the tax burden on the rest of the country, (Like maybe 20% max on everyone else making less than 500K) which would produce an instant boon to the economy.

I have heard many arguments that millionaires won't work as hard and will lose their drive. That is just silly.

I can't think of how something like that could possibly have negative consequences.

My lone objection to anything of this nature is that I think it would produce more total revenue in the government coffers, and I firmly believe they need to demonstrate an ability to spend responsibly before they get any more $$.
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Old 07-27-2015, 11:53 AM
 
13,899 posts, read 6,420,066 times
Reputation: 6960
Quote:
Originally Posted by DCforever View Post
In the fifties the top marginal tax rate was 91% and the economy did fine. Those are just facts. People are entitled to their own opinions. People aren't entitled to their own facts.
LMAO..And here comes the spin..Nobody paid 91%!!! THAT is the facts.
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Old 07-27-2015, 12:07 PM
 
34,274 posts, read 19,305,051 times
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Quote:
Originally Posted by Dbones View Post
LMAO..And here comes the spin..Nobody paid 91%!!! THAT is the facts.
Apparently you didnt bother reading this thread. Most everyone agrees on that fact. Just as those at the top end of our tax rate rarely actually pay it either.
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Old 07-27-2015, 05:12 PM
 
Location: Old Bellevue, WA
18,782 posts, read 17,316,678 times
Reputation: 7990
Quote:
Originally Posted by chadgates
Why on Earth do we stop at 413K?

It is equally absurd to have that teeny bracket of 411,500-413,200.

If we were to create a few more levels something like:

500K-1M = 40%
1m-5M = 45%
5M-10M = 50%
10M-50M = 55%
50M+ = 60%

You could greatly reduce the tax burden on the rest of the country, (Like maybe 20% max on everyone else making less than 500K) which would produce an instant boon to the economy.

I have heard many arguments that millionaires won't work as hard and will lose their drive. That is just silly.

I can't think of how something like that could possibly have negative consequences.

My lone objection to anything of this nature is that I think it would produce more total revenue in the government coffers, and I firmly believe they need to demonstrate an ability to spend responsibly before they get any more $$.
To me it makes sense to have a rate that tops out at 413K. I would prefer even less. It was JFK who reduced the top rate from 91 to 70 on the grounds that "a rising tide lifts all boats." Ronald Reagan used the same theme in his tax rate cut proposals, and liberally (pun intended) quoted JFK, which drove Democrats nuts at the time.

No one argues that millionaires will 'lose their drive," but they will certainly alter their behavior in reaction to tax hikes. After all, they did not get to be millionaires by being dumb.

The super-rich tend to create not just jobs, but whole industries. Bill Gates here in the PNW is an example of that. He took a huge gamble by dropping out of Harvard to found Microsoft. He had a vision, and the huge reward potential in the American system made that a risk worth taking. The result was not only thousands of well-paying jobs for tech workers here in the PNW, but computing power for the common man. Similar sagas could be recounted about people like Andrew Carnegie, Henry Ford, etc. It would make no sense to try to short-circuit that process.

As for the 35% bracket, I agree that it is dumb. It was a result of the 'fiscal cliff' deal between Boehner and the Obama admin. It's an example of the adage that you don't want to see how sausage or legislation is produced. Obama wanted the 39% bracket, and Boehner wanted to minimize 'soak the rich' so that was the deal that was struck.
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