Replies to Msg. #862470
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 Msg. #  Subject Posted by    Board    Date   
61059 Re: The 'Real' Tax Rates on Top Earners
   This next article is from Money.CNN. Very interesting stuff in it....
Zimbler0   FFFT   12 Feb 2014
5:32 AM
61057 Re: The 'Real' Tax Rates on Top Earners
   Joe> I really do believe that you think that we are really stupid and...
Zimbler0   FFFT   12 Feb 2014
5:20 AM
61042 Re: The 'Real' Tax Rates on Top Earners
   joe [b]I really do believe that you think that we are really stupid a...
ribit   FFFT   11 Feb 2014
10:42 PM

The above list shows replies to the following message:

Re: The 'Real' Tax Rates on Top Earners

By: joe-taylor in FFFT
Tue, 11 Feb 14 4:28 PM
Msg. 61033 of 65535
(This msg. is a reply to 61021 by Zimbler0)
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I really do believe that you think that we are really stupid and naive here!

Just to point out: When Ronald Reagan was president his tax cuts rang up between three and four trillion dollars of deficit. When George W. Bush was president, his tax cuts rang up over six trillion dollars more of additional deficits.

These things occurred because less tax revenue was coming in, thus negating your rather stupid thesis that we were paying the same effective tax rate in the fifties as we are paying now! In the fifties we were balancing the budget!

And, by the way, it is also interesting to note that you are pushing this lie about similar tax rates in the fifties and now because it fits into your ideas about starving the government by running deficits thus giving you the ammunition to destroy the social safety nets that have been in place since the 1930's and the 1960's. And, by the way, we all happen to know who the WSJ is owned by and the agenda that they promote.


Joe


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