Replies to Msg. #655013
.
 Msg. #  Subject Posted by    Board    Date   
33770 Re: Do you know how much Eisenhower raised taxes?
   clo ...the effective tax rate (that which is paid after deductions et...
ribit   FFFT   20 Sep 2011
1:51 AM
33751 Re: Do you know how much Eisenhower raised taxes?
   re: [b]"Do you know how much Eisenhower raised taxes?"[/b] Interest...
Decomposed   FFFT   19 Sep 2011
9:19 PM

The above list shows replies to the following message:

Do you know how much Eisenhower raised taxes?

By: clo in FFFT
Mon, 19 Sep 11 9:10 PM
Msg. 33749 of 65535
Jump to msg. #  

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/




Avatar

DO SOMETHING!