Rate US tax rates in 1959 (91% top rate)
| spruce comical idea he suggested milk | 01/27/22 | | Geriatric vibrant faggotry | 01/27/22 | | charcoal step-uncle's house | 01/27/22 | | spruce comical idea he suggested milk | 01/27/22 | | soul-stirring fiercely-loyal business firm | 01/27/22 | | Fear-inspiring dilemma | 01/27/22 | | soul-stirring fiercely-loyal business firm | 01/27/22 | | Fear-inspiring dilemma | 01/27/22 | | house-broken public bath | 01/27/22 | | Fear-inspiring dilemma | 01/27/22 | | Fear-inspiring dilemma | 01/27/22 | | startling apoplectic hominid multi-billionaire | 01/27/22 | | Big-titted telephone affirmative action | 01/27/22 | | startled aqua voyeur | 01/27/22 | | startling apoplectic hominid multi-billionaire | 01/27/22 | | cordovan forum partner | 01/27/22 | | Vermilion sneaky criminal | 01/27/22 | | house-broken public bath | 01/27/22 | | beta plaza | 01/27/22 | | spruce comical idea he suggested milk | 01/27/22 | | trip mother | 01/27/22 | | Geriatric vibrant faggotry | 01/27/22 | | Saffron wagecucks | 01/27/22 | | house-broken public bath | 01/27/22 | | Geriatric vibrant faggotry | 01/29/22 | | Motley misanthropic native puppy | 01/27/22 | | Bearded locus | 01/27/22 | | cerise stimulating menage love of her life | 01/29/22 | | soul-stirring fiercely-loyal business firm | 01/30/22 | | beady-eyed brethren | 01/30/22 | | beady-eyed brethren | 01/30/22 | | Navy hairless indirect expression | 01/30/22 |
Poast new message in this thread
Date: January 27th, 2022 9:42 AM Author: spruce comical idea he suggested milk
Is this what MAGA shits mean when they idealize the 1950's?
https://www.tax-brackets.org/federaltaxtable/1959
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43855385) |
Date: January 27th, 2022 10:35 AM Author: cordovan forum partner
The median income in 1955 was $3400, that person probably payed an effective rate in the mid teens after deductions.
Also I’ll trade the tax regime for the demographics.
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43855636) |
|
Date: January 27th, 2022 1:50 PM Author: Geriatric vibrant faggotry
He literally referenced the passive loss rules and at risk rules. Code sections 465 and 469.
Tax reform from the 1980s on broadened the base and lowered the rates.
We used to have a narrow base and high rates. Now we have a broad base and lower rates. This is better for almost anyone other than those who used/abused tax shelters in the 1980s.
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43857075) |
Date: January 29th, 2022 10:39 PM Author: cerise stimulating menage love of her life
The 90% marginal tax rate was an absolute disaster for both the country and the people working. A classic example of how retarded it was is the case of world heavyweight champion boxer Joe Louis. He donated money to the government to help fund the WWII war effort. The government took the money, then told him he had to pay taxes on it because the donations themselves weren’t taxes. So he had to earn $100 for every $10 he had to pay in taxes.
Despite being one of the most successful, responsible, and dominant heavyweight champions ever, the government ran him into bankruptcy and he died a pauper.
https://www.mackinac.org/V1997-22
Ultimately it was easy to shield money from the 90% marginal rate, but the high earners right when the tax got imposed were fucked. Virtually no one paid the 90% rate when it was dropped.
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43871899) |
Date: January 30th, 2022 8:18 AM Author: Navy hairless indirect expression
Finally, it is very likely that the existence of a 91 percent bracket led to significant tax avoidance and lower reported income. There are many studies that show that, as marginal tax rates rise, income reported by taxpayers goes down. As a result, the existence of the 91 percent bracket did not necessarily lead to significantly higher revenue collections from the top 1 percent.
https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43873015) |
|
|