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Do you know how much Eisenhower raised taxes?

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Mon, 19 Sep 11 9:10 PM | 87 view(s)
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Do you know how much Eisenhower raised taxes?

Today, the top income tax rate is 35 percent, starting at $373,650 for individuals and couples.

By contrast, during the eight years of the Eisenhower presidency, the top rate averaged roughly 90 percent, typically hitting individuals making $200,000 a year or couples making $400,000 a year.

In 2010 dollars, that's equivalent to $1.6 million for an individual and $3.2 million for a couple.
Someone making the 1954 equivalent of $373,650 in today's money would have paid a tax rate of 72 percent back then.
 

http://www.politifact.com/truth-o-meter/statements/2010/sep/22/barack-obama/barack-obama-says-taxes-are-lower-today-under-reag/




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