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Weird you don't know the top tax rate was cut under Dubya that lasted 10 years? In FACT the EFFECTIVE tax rates of the 'job creators' haven't had aa sustained low rate like this since before the GOP great depression of the 1920's
Still looking for info on Bush's huge rate cut?
Still trying to subtract his final rate from his initial rate? LOL!
I'll give you a hint, the top rate went from 39.6% all the way down to 35%.
Wow, that was a massive cut, more than any rate cut before.
Makes Reagan's 70% down to 28% cut look like chicken feed. Moron.
I guess $2+ trillion in new revenues from the middle class didn't matter, AS Ronnie's tax cuts for the rich were in place, lol
I know, Reagan's tax cuts for everyone were just awful. LOL!
Everyone? lol
Tax Cuts. One of the few areas where Reaganomists claim success without embarrassment is taxation. Didn't the Reagan administration, after all, slash income taxes in 1981, and provide both tax cuts and "fairness" in its highly touted tax reform law of 1986? Hasn't Ronald Reagan, in the teeth of opposition, heroically held the line against all tax increases?
The answer, unfortunately, is no. In the first place, the famous "tax cut" of 1981 did not cut taxes at all. It's true that tax rates for higher-income brackets were cut; but for the average person, taxes rose, rather than declined. The reason is that, on the whole, the cut in income tax rates was more than offset by two forms of tax increase.
Right wing Mises, lol
Mises Daily Mises Institute
Everyone?
Everyone!
In 1980, Married Filing Jointly
Wages from $3,400-$5,500 were taxed at 14%
$5,500-$7,600 were taxed at 16%
$7,600-$11,900 were taxed at 18%
$11,900-$16,000 were taxed at 21%
$20,200-$24,600 were taxed at 28%
$24,600-$29,900 were taxed at 32%
$29,900-$35,200 were taxed at 37%
$35,200-$45,800 were taxed at 43%
$45,800-$60,000 were taxed at 49%
$60,000-$85,600 were taxed at 54%
$85,600-$109,400 were taxed at 59%
$109,400-$162,400 were taxed at 64%
In 1988 Married Filing Jointly
Wages from $0-$29,750 were taxed at 15%
Wages over $29,750 were taxed at 28%
Clearly the cuts on the bottom end were offset by a 0.8% increase in Social Security taxes on individuals. LOL!
You've convinced me, rates for the bottom 90% were steadily rising until Reagan took office.
And thanks for the illustration of the Bush tax cuts across the spectrum.
I guess the EXTRA $2+ TRILLION it raised and was spent the past 30+ years to hide Ronnie's tax cuts for the rich, don't really matter right? lol
I know, raising the rate from 10.8 percent to 12.4 percent. Just awful!
I guess $2+ trillion in new revenues from the middle class didn't matter, AS Ronnie's tax cuts for the rich were in place, lol
I know, Reagan's tax cuts for everyone were just awful. LOL!
Everyone? lol
Tax Cuts. One of the few areas where Reaganomists claim success without embarrassment is taxation. Didn't the Reagan administration, after all, slash income taxes in 1981, and provide both tax cuts and "fairness" in its highly touted tax reform law of 1986? Hasn't Ronald Reagan, in the teeth of opposition, heroically held the line against all tax increases?
The answer, unfortunately, is no. In the first place, the famous "tax cut" of 1981 did not cut taxes at all. It's true that tax rates for higher-income brackets were cut; but for the average person, taxes rose, rather than declined. The reason is that, on the whole, the cut in income tax rates was more than offset by two forms of tax increase.
Right wing Mises, lol
Mises Daily Mises Institute
It's true that tax rates for higher-income brackets were cut; but for the average person, taxes rose, rather than declined.
If you get a chance, and a brain, let me know how much these average people made and how Reagan's tax cuts actually increased their taxes. LOL!
Yep, OVER $2 trillion since Ronnie increased SS taxes to 'save' SS? LOL
Of course he also doubled the rate on the self employed, made SS income taxable
"The 1977 amendments to the Social Security Act advanced the scheduled increases in the Social Security tax rate. For 1979-80, the rate increased to 10.16 percent, for 1981, the rate increased to 10.7 percent, and for 1982-1984, the rate increased to 10.8, or at least it was supposed to. The 1983 amendments to the Social Security Act – signed into law by Reagan in April of 1983 – increased the rate for 1984 to 11.4 percent, and kept it there until 1987. For 1988-89, the rate increased to 12.12 percent. The 1983 amendments – which Reagan signed – also mandated that the rate increase to 12.4 percent beginning in 1990. So Reagan was responsible for raising the rate from 10.8 percent to 12.4 percent – a 14.81 percent increase"
Reagan the Tax Raiser 8211 LewRockwell.com
" The Social Security Amendments of 1983 laid the foundation for 30-years of federal embezzlement of Social Security money in order to use the money to pay for wars, tax cuts and other government programs. The payroll tax hike of 1983 generated a total of $2.7 trillion in surplus Social Security revenue. "
Ronald Reagan and the Great Social Security Heist Dissident Voice
Weird, you can't refute the REASON Reagan did it was to hide the REAL costs of his tax cuts for the rich, you know my original posit? lol
So Reagan was responsible for raising the rate from 10.8 percent to 12.4 percent
I know, just awful!
I guess the EXTRA $2+ TRILLION it raised and was spent the past 30+ years to hide Ronnie's tax cuts for the rich, don't really matter right? lol
I know, raising the rate from 10.8 percent to 12.4 percent. Just awful!
I guess $2+ trillion in new revenues from the middle class didn't matter, AS Ronnie's tax cuts for the rich were in place, lol
I know, Reagan's tax cuts for everyone were just awful. LOL!
Yeah, because THAT'S how it works *shaking head*
Many large U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens—countries with minimal or no taxes.
Yeah, because THAT'S how it works *shaking head*
Many large U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens—countries with minimal or no taxes.
Bullshit, you're hocking up more propaganda without basis in reality again.
Multinational corporations have operations in other countries where they may or may not pay taxes but they are not subject to US taxation and are not in the jurisdiction of the IRS. There is no "trick" about this, it's just how things are in reality.
You'll forgive me for being a bit libertarian, but no tax is fair. The taking of proceeds by force is, by its very nature, morally bankrupt.Looking at the charts below I get the impression that corporations are not paying their fair share of taxes.
Is there a way to get to the pre- 70's situation where they payed their fair share of taxes ?
You'll forgive me for being a bit libertarian, but no tax is fair. The taking of proceeds by force is, by its very nature, morally bankrupt.Looking at the charts below I get the impression that corporations are not paying their fair share of taxes.
Is there a way to get to the pre- 70's situation where they payed their fair share of taxes ?
Have a nice day.
Weird you don't know the top tax rate was cut under Dubya that lasted 10 years? In FACT the EFFECTIVE tax rates of the 'job creators' haven't had aa sustained low rate like this since before the GOP great depression of the 1920's
Still looking for info on Bush's huge rate cut?
Still trying to subtract his final rate from his initial rate? LOL!
I'll give you a hint, the top rate went from 39.6% all the way down to 35%.
Wow, that was a massive cut, more than any rate cut before.
Makes Reagan's 70% down to 28% cut look like chicken feed. Moron.
"Still looking for info on Bush's huge rate cut?"
THE actual posit
"Gave the most top end tax cuts for the longest period of time of any president"
10 YEARS HOW'D DUBYA'S TAX CUTS WORK OUT FOR US AGAIN? LOL
AND RONNIE CUT IT FROM 50% TO 28% , HE HAD 50% HIS FIRST 6 YEARS REMEMBER? HOW DID THE US ECONOMY HANDLE IT? lol
So Reagan was responsible for raising the rate from 10.8 percent to 12.4 percent
I know, just awful!
I guess the EXTRA $2+ TRILLION it raised and was spent the past 30+ years to hide Ronnie's tax cuts for the rich, don't really matter right? lol
I know, raising the rate from 10.8 percent to 12.4 percent. Just awful!
I guess $2+ trillion in new revenues from the middle class didn't matter, AS Ronnie's tax cuts for the rich were in place, lol
I know, Reagan's tax cuts for everyone were just awful. LOL!
Everyone? lol
"that over 40% of the nation's taxpayers suffered a marginal tax increase"
Mises Daily Mises Institute
December 11, 2014
Burger King’s Inversion: A Whopper of a Tax Dodge
Americans for Tax Fairness (ATF) released a new report showing that Burger King’s planned “inversion” will allow the company and its leading shareholders to avoid an estimated $400 million to $1.2 billion in U.S. taxes between 2015 and 2018.
November 20, 2014
How Walmart is Dodging Billions in Taxes: And Scheming to Avoid Billions More
This new Americans for Tax Fairness report exposes how Walmart uses tax breaks to dodge a whopping $1 billion in federal taxes each year and how it plans to further increase that amount.
Americans for Tax Fairness
\
December 11, 2014
Burger King’s Inversion: A Whopper of a Tax Dodge
Americans for Tax Fairness (ATF) released a new report showing that Burger King’s planned “inversion” will allow the company and its leading shareholders to avoid an estimated $400 million to $1.2 billion in U.S. taxes between 2015 and 2018.
November 20, 2014
How Walmart is Dodging Billions in Taxes: And Scheming to Avoid Billions More
This new Americans for Tax Fairness report exposes how Walmart uses tax breaks to dodge a whopping $1 billion in federal taxes each year and how it plans to further increase that amount.
Americans for Tax Fairness
Americans for Tax Fairness (ATF) released a new report showing that Burger King’s planned “inversion” will allow the company and its leading shareholders to avoid an estimated $400 million to $1.2 billion in U.S. taxes between 2015 and 2018.
Of course it will. Burger King won't have to pay US taxes on its Canadian profits.
Of course it will still pay US taxes on US earnings.
If we stopped trying to tax Canadian earnings, this would have been a non-event.
I guess the EXTRA $2+ TRILLION it raised and was spent the past 30+ years to hide Ronnie's tax cuts for the rich, don't really matter right? lol
I know, raising the rate from 10.8 percent to 12.4 percent. Just awful!
I guess $2+ trillion in new revenues from the middle class didn't matter, AS Ronnie's tax cuts for the rich were in place, lol
I know, Reagan's tax cuts for everyone were just awful. LOL!
Everyone? lol
"that over 40% of the nation's taxpayers suffered a marginal tax increase"
Mises Daily Mises Institute
"that over 40% of the nation's taxpayers suffered a marginal tax increase"
That claim is in conflict with your chart.
Weird you don't know the top tax rate was cut under Dubya that lasted 10 years? In FACT the EFFECTIVE tax rates of the 'job creators' haven't had aa sustained low rate like this since before the GOP great depression of the 1920's
Still looking for info on Bush's huge rate cut?
Still trying to subtract his final rate from his initial rate? LOL!
I'll give you a hint, the top rate went from 39.6% all the way down to 35%.
Wow, that was a massive cut, more than any rate cut before.
Makes Reagan's 70% down to 28% cut look like chicken feed. Moron.
"Still looking for info on Bush's huge rate cut?"
THE actual posit
"Gave the most top end tax cuts for the longest period of time of any president"
10 YEARS HOW'D DUBYA'S TAX CUTS WORK OUT FOR US AGAIN? LOL
AND RONNIE CUT IT FROM 50% TO 28% , HE HAD 50% HIS FIRST 6 YEARS REMEMBER? HOW DID THE US ECONOMY HANDLE IT? lol
Reagan cut from 70% to 28%. I'm not a liberal, but that looks like a much larger drop than 39.6% to 35%. Idiot.
Weird you don't know the top tax rate was cut under Dubya that lasted 10 years? In FACT the EFFECTIVE tax rates of the 'job creators' haven't had aa sustained low rate like this since before the GOP great depression of the 1920's
Still looking for info on Bush's huge rate cut?
Still trying to subtract his final rate from his initial rate? LOL!
I'll give you a hint, the top rate went from 39.6% all the way down to 35%.
Wow, that was a massive cut, more than any rate cut before.
Makes Reagan's 70% down to 28% cut look like chicken feed. Moron.
"Still looking for info on Bush's huge rate cut?"
THE actual posit
"Gave the most top end tax cuts for the longest period of time of any president"
10 YEARS HOW'D DUBYA'S TAX CUTS WORK OUT FOR US AGAIN? LOL
AND RONNIE CUT IT FROM 50% TO 28% , HE HAD 50% HIS FIRST 6 YEARS REMEMBER? HOW DID THE US ECONOMY HANDLE IT? lol
Reagan cut from 70% to 28%. I'm not a liberal, but that looks like a much larger drop than 39.6% to 35%. Idiot.
ONCE MORE:
"Gave the most top end tax cuts for the longest period of time of any president""
Weird you don't know the top tax rate was cut under Dubya that lasted 10 years? In FACT the EFFECTIVE tax rates of the 'job creators' haven't had aa sustained low rate like this since before the GOP great depression of the 1920's
Still looking for info on Bush's huge rate cut?
Still trying to subtract his final rate from his initial rate? LOL!
I'll give you a hint, the top rate went from 39.6% all the way down to 35%.
Wow, that was a massive cut, more than any rate cut before.
Makes Reagan's 70% down to 28% cut look like chicken feed. Moron.
"Still looking for info on Bush's huge rate cut?"
THE actual posit
"Gave the most top end tax cuts for the longest period of time of any president"
10 YEARS HOW'D DUBYA'S TAX CUTS WORK OUT FOR US AGAIN? LOL
AND RONNIE CUT IT FROM 50% TO 28% , HE HAD 50% HIS FIRST 6 YEARS REMEMBER? HOW DID THE US ECONOMY HANDLE IT? lol
Reagan cut from 70% to 28%. I'm not a liberal, but that looks like a much larger drop than 39.6% to 35%. Idiot.
ONCE MORE:
"Gave the most top end tax cuts for the longest period of time of any president""
Reagan cut rates from 70%...to 50%...to 38.5%...to 28%.
While Bush cut them 39.6%...to 39.1%...to 38.6%...to 35%
Yeah, I can see why you'd claim Bush's tax cuts were the most.
It's because you're an idiot.
The entire Global Warming agenda is being promoted by Socialists who seek to leach onto capitalism. Their enemy is not man-made CO2, it is capitalism.
Nice theory . How do you expect that a government is run if no taxes are collected ?You'll forgive me for being a bit libertarian, but no tax is fair. The taking of proceeds by force is, by its very nature, morally bankrupt.
Have a nice day.
