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Re: Do you know how much Eisenhower raised taxes? 

By: Decomposed in FFFT | Recommend this post (3)
Mon, 19 Sep 11 9:19 PM | 84 view(s)
Boardmark this board | Food For Further Thought 		Msg. 33751 of 65535
(This msg. is a reply to 33749 by clo)
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re: "Do you know how much Eisenhower raised taxes?"

Interesting... But what I've really always wanted to know is how much taxes changed in the Van Buren years.

You guys are really into using ancient history as justification for things being done wrong TODAY, aren't you? Don't you think that's intellectually dishonest?




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The above is a reply 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

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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