Quote:
Originally Posted by goof2
You have to ignore a few things for that to hold true. First when the top tax rates were that high they were always for people having the equivalent of well over $2 million per year of income in today's dollars (sometimes over $50 million). Next that there were a lot more loopholes that were much easier to use back then. Talking about marginal tax rates is pretty useless, effective tax rates are what matter.
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How many people were on welfare then? How much money were we sending overseas?
This is crazy! So much of our tax dollars are WASTED imho and some of you think that we should pay MORE....
We don't need to raise taxes, we need to cut spending!