Who's game?

C

canceled.2021.3

Former Vice President
Quite often I hear from the liberals that we need to go back to the 90% marginal tax rates of the 1940s and 1950s because they were such a wonderful time in America with all sorts of prosperity and economic growth generated from such a "progressive" tax code.

Of course, those of us who know anything about history, finance and economics know that there is more to the story than just that top rate and trying to compare just that top rate to today is economic malpractice.

But, in the spirit of bipartisanship, I am offering to return to the tax code of 1950. But, I mean the entire tax code. All of it, not just the top marginal rates, but ALL the marginal rates.


https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf

In 1950 there were 24 different tax brackets
The lowest marginal tax rate was 20% on income of $2,000 or less which equates to $20,207 today
The highest marginal tax rate was 91% on income of $200,000 or more which equates to $2,200,746

So let's do it. Let's return to the economic prosperity of 1950 and adopt the entire tax code. Who is with me? Now if you don't like 1950, I am reasonable, scroll through the list and pick a year you do like. But, remember, you can't just cherry pick the top marginal rate. No sir. You must pick the entire tax code.
 
Yaya said:
Yeah, that is crazy, 0-2000 paid 20%. That boggles the mind.
Click to expand...

It is amazing how little people really know. This is why you should do your own research like I do.

If you listen to the media and JPP lefties you would only think that there was a 90% marginal tax rate for the rich in 1950 and nobody else paid taxes.

I find it interesting that our JPP lefties are avoiding this. They can’t blame thread bans. I only thread banned Legion and Deshtard.

Guess they don’t have their left wing talking points for facts
 
Actually the 1950s tax code is perfect. More people paying taxes. Paying their fair share. Too many people don’t pay federal income taxes. Eliminate the EITC as well. It is welfare


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Toxic Titties said:
Quite often I hear from the liberals that we need to go back to the 90% marginal tax rates of the 1940s and 1950s because they were such a wonderful time in America with all sorts of prosperity and economic growth generated from such a "progressive" tax code.

Of course, those of us who know anything about history, finance and economics know that there is more to the story than just that top rate and trying to compare just that top rate to today is economic malpractice.

But, in the spirit of bipartisanship, I am offering to return to the tax code of 1950. But, I mean the entire tax code. All of it, not just the top marginal rates, but ALL the marginal rates.


https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf

In 1950 there were 24 different tax brackets
The lowest marginal tax rate was 20% on income of $2,000 or less which equates to $20,207 today
The highest marginal tax rate was 91% on income of $200,000 or more which equates to $2,200,746

So let's do it. Let's return to the economic prosperity of 1950 and adopt the entire tax code. Who is with me? Now if you don't like 1950, I am reasonable, scroll through the list and pick a year you do like. But, remember, you can't just cherry pick the top marginal rate. No sir. You must pick the entire tax code.
Click to expand...

The ONLY Tax Plan I support is the FAIR TAX. Everything else is just window dressing for the abomination called the US Tax Code.
 
Toxic Titties said:
It is amazing how little people really know. This is why you should do your own research like I do.

If you listen to the media and JPP lefties you would only think that there was a 90% marginal tax rate for the rich in 1950 and nobody else paid taxes.

I find it interesting that our JPP lefties are avoiding this. They can’t blame thread bans. I only thread banned Legion and Deshtard.

Guess they don’t have their left wing talking points for facts
Click to expand...

Its amazing; so what party was in charge when this tax code was around?
 
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