Hey Toby
Is it your desire to go back to the tax code of 1950? I mean the entire tax code. Here it is for your review. Remember these are infation adjusted numbers for 2013.
http://taxfoundation.org/sites/taxfoundation.org/files/docs/fed_individual_rate_history_adjusted.pdf
View attachment 2667
So my first question to you is would you take this 1950 tax code as is and bring it forward to today. No cherry picking. In order to get the 91% top marginal rate that democrats talk about in such glowing terms you have to take the entire thing, would you do it?
Let's run through an example of a family of four making $50,000 a year shall we?
On their first $19,053 they would be taxed at 20% or $3,810.60
From $19,053 to $38,057 they would be taxed at 22% or $4,191.88
From $38,057 to $50,000 they would be taxed at 26% or $3,092.18
that brings their tax liability to
$11,094.66. Of course I am not counting any deductions
No compare that to today?
On their first $17,488 they would be taxed at 10% or $1,748.8
From $17,488 to $50,000 they would be taxed at 15% or $4,876.8
that brings their tax liability to
$6,625.6
Unlike you, I bring accurate facts and an understanding of economics and finance