Msg. 60368 of 65535 (This msg. is a reply to
60364 by
ribit)
Jump:
Ribit:
"...the top tax rates were indeed higher back then, but there were a lot more deductions and exemptions and loopholes. The effective tax rates were about the same as they are now."
And you got this information where? The Koch Bros.?
ocu
...the top tax rates were indeed higher back then, but there were a lot more deductions and exemptions and loopholes. The effective tax rates were about the same as they are now. Those marginal tax rates were designed to protect 'old money' wealth from the crowd of newcomers attempting to horn in on the status of those who were in the borned rich business (most of whom are and were democrats.
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