Rate US tax rates in 1959 (91% top rate)
| AZNgirl outside Men's Hair Loss clinic all day | 01/27/22 | | tolerable, boyfriend-grade penis | 01/27/22 | | 40-something sitting in a pizza hut reminiscing | 01/27/22 | | AZNgirl outside Men's Hair Loss clinic all day | 01/27/22 | | jake carroll | 01/27/22 | | ,.,..,.,.,.,.,.,,..,.,.,. | 01/27/22 | | jake carroll | 01/27/22 | | ,.,..,.,.,.,.,.,,..,.,.,. | 01/27/22 | | If I May | 01/27/22 | | ,.,..,.,.,.,.,.,,..,.,.,. | 01/27/22 | | ,.,..,.,.,.,.,.,,..,.,.,. | 01/27/22 | | Muscadine wine | 01/27/22 | | Cow goes Moo | 01/27/22 | | '"''"'"""" | 01/27/22 | | Muscadine wine | 01/27/22 | | '''''''"'''''' | 01/27/22 | | microplastics | 01/27/22 | | If I May | 01/27/22 | | Titus Nullo | 01/27/22 | | AZNgirl outside Men's Hair Loss clinic all day | 01/27/22 | | Live Free or Die. | 01/27/22 | | tolerable, boyfriend-grade penis | 01/27/22 | | N904PD | 01/27/22 | | If I May | 01/27/22 | | tolerable, boyfriend-grade penis | 01/29/22 | | ,.,....,.,.,.,,,...,:,.,.: | 01/27/22 | | ''"''''''' | 01/27/22 | | sniggle | 01/29/22 | | jake carroll | 01/30/22 | | public restroom tp | 01/30/22 | | ,.,;,;,.;,.;,.;,,,,;,.,; | 01/30/22 |
Poast new message in this thread
Date: January 27th, 2022 9:44 AM Author: tolerable, boyfriend-grade penis
Very
few people paid that rate because there were far more ways to take
deductions and avoid actually declaring enough income to be in that
bracket.
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43855391) |
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Date: January 27th, 2022 9:47 AM Author: 40-something sitting in a pizza hut reminiscing
……champ
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43855396) |
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Date: January 27th, 2022 9:50 AM Author: AZNgirl outside Men's Hair Loss clinic all day
whatever, boomer
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43855404) |
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Date: January 27th, 2022 10:10 AM Author: jake carroll
Better
to create an incentive to create more jobs or pay more because you can
only keep $90 of every extra $1,000 you earn than the shit show we have
with crap like carried interest in my humble opinion.
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43855534) |
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Date: January 27th, 2022 10:12 AM
Author: ,.,..,.,.,.,.,.,,..,.,.,.
why
wouldn't high earner mos just work less? why would they work more to
altruistically benefit randos under threat of the govt confiscating
their cash if they don't?
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43855545) |
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Date: January 27th, 2022 12:37 PM Author: jake carroll
$400,000
in 1959 would be about $4,000,000 today. That’s a lot of income. If you
have income in excess of $4m, I’d actually venture to say that you
can’t just work “less.” You’re probably getting that income by either
not working or by working in a way that’s not particularly scalable.
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43856653) |
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Date: January 27th, 2022 1:27 PM
Author: ,.,..,.,.,.,.,.,,..,.,.,.
why work at all if i've already got plenty of money and govt is gonna take almost everything i make from now on?
if it's a business i'd just let it crash and burn, let them loot that lol
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43856953) |
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Date: January 27th, 2022 5:43 PM Author: If I May
Lmao
do you really think somebody like Elon Musk is going to stop making
cars or rockets because his taxes went up? Put down the Atlas Shrugged,
brother.
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43858376) |
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Date: January 27th, 2022 6:04 PM
Author: ,.,..,.,.,.,.,.,,..,.,.,.
do
you think 100% top rate would disincentivize him from working but 91%
top rate wouldn't? or do you think he'd keep working even if 100% of the
wealth he earned were confiscated?
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43858506) |
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Date: January 27th, 2022 10:11 AM
Author: ,.,..,.,.,.,.,.,,..,.,.,.
(guy who actually knows what he's talking about, unlike other posters ITT)
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43855542) |
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Date: January 27th, 2022 10:31 AM Author: Muscadine wine
*Ghost of Joe Lewis appears and punches you in the face
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43855621) |
Date: January 27th, 2022 10:32 AM Author: Cow goes Moo
TT with the low IQ take on tax rates ftw
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43855627) |
Date: January 27th, 2022 10:34 AM Author: '"''"'""""
that's terrible. How would Zuckerberg afford 15 vacation homes with such rates?
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43855632) |
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Date: January 27th, 2022 1:40 PM Author: Muscadine wine
*screams the blue-haired activist as the IRS buttfucks the UMC
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43857025) |
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Date: January 27th, 2022 2:02 PM Author: microplastics
CR that sounds like heaven
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43857161) |
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Date: January 27th, 2022 5:43 PM Author: If I May
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43858383) |
Date: January 27th, 2022 12:45 PM Author: Titus Nullo
Such a stupid low iq argument. Just look at rates and ignore deductions, at risk and loss rules! It’s apples to apples!
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43856699) |
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Date: January 27th, 2022 1:45 PM Author: AZNgirl outside Men's Hair Loss clinic all day
da deductions he lisped!! without naming any of these mysterious deductions
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43857051) |
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Date: January 27th, 2022 1:46 PM Author: Live Free or Die.
im sorry we dont have 1950s era Title 26 memorized
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43857055) |
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Date: January 27th, 2022 1:50 PM Author: tolerable, boyfriend-grade penis
He literally referenced the passive loss rules and at risk rules. Code sections 465 and 469.
Tax reform from the 1980s on broadened the base and lowered the rates.
We used to have a narrow base and high rates. Now we have a
broad base and lower rates. This is better for almost anyone other than
those who used/abused tax shelters in the 1980s.
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43857075) |
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Date: January 27th, 2022 2:37 PM Author: N904PD
Correction: as Mitt pointed out we have a narrow base, at least for income tax, and Dems want to make it even narrower
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43857369) |
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Date: January 27th, 2022 5:45 PM Author: If I May
Do tell, why should any middle class American support a broad tax base and not a narrow one? The fuck kind of reasoning is this?
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43858395) |
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Date: January 29th, 2022 9:31 PM Author: tolerable, boyfriend-grade penis
Generally
speaking, it’s better for most people to pay a modest rate than for the
headline rate to be high but for those who are supposed to be paying it
be highly motivated to pay 50 cents on the dollar to accountants and
tax lawyers to avoid it.
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43871622) |
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Date: January 27th, 2022 2:10 PM
Author: ,.,....,.,.,.,,,...,:,.,.:
I
don't really care about the details. The end result was clear. There
just weren't many super rich people in 1950s America. There was only one
billionaire back then supporting the American Jewish Committee.
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43857196) |
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Date: January 27th, 2022 5:46 PM Author: ''"'''''''
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43858398) |
Date: January 29th, 2022 10:39 PM Author: sniggle
The
90% marginal tax rate was an absolute disaster for both the country and
the people working. A classic example of how retarded it was is the
case of world heavyweight champion boxer Joe Louis. He donated money to
the government to help fund the WWII war effort. The government took the
money, then told him he had to pay taxes on it because the donations
themselves weren’t taxes. So he had to earn $100 for every $10 he had to
pay in taxes.
Despite being one of the most successful, responsible, and
dominant heavyweight champions ever, the government ran him into
bankruptcy and he died a pauper.
https://www.mackinac.org/V1997-22
Ultimately it was easy to shield money from the 90% marginal
rate, but the high earners right when the tax got imposed were fucked.
Virtually no one paid the 90% rate when it was dropped.
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43871899) |
Date: January 30th, 2022 8:17 AM Author: public restroom tp
I’m sure the FDR/Truman postwar tax schemes are exactly what they have in mind to pay for CRT and do-nothing grift of today
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43873014) |
Date: January 30th, 2022 8:18 AM Author: ,.,;,;,.;,.;,.;,,,,;,.,;
Finally,
it is very likely that the existence of a 91 percent bracket led to
significant tax avoidance and lower reported income. There are many
studies that show that, as marginal tax rates rise, income reported by
taxpayers goes down. As a result, the existence of the 91 percent
bracket did not necessarily lead to significantly higher revenue
collections from the top 1 percent.
https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/
(http://www.autoadmit.com/thread.php?thread_id=5017702&forum_id=2#43873015) |
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