from 1950-1963 top tax rate was 91-92%, those were good years for our economy

[Truthmatters]

Historical Top Tax Rate


it has been at 35% from 2003 to 2012.


During that time we had a war built on lies that Bush kept off the budget.

 

[Truthmatters]

has a president ever had a war that he did not raise taxes to fight before?

 

[Toddsterpatriot]

In both examples it took merely five years of low tax rates on the top to produce a crash

Where was the crash after 1988?

in 1988 the rate was 28%

1989.......................28%

1990........................31%


1991........................31%

1992..........................31%

1993..........................39.60%


dont you remember Bush getting in trouble for raising taxes?

Reagan cut the rate from 50% to 28%. A much larger drop than Bush's 39.6% to 35%.
So why did Bush's small cut cause a crash while Reagan's 2 much larger cuts didn't?

 

[Truthmatters]

http://www.politifact.com/truth-o-m...n-says-bush-was-first-president-lead-country/


"If you want to talk firsts for Bush, this was the first time in American history that a president took us into a war and cut taxes."

 

[Truthmatters]

Where was the crash after 1988?

in 1988 the rate was 28%

1989.......................28%

1990........................31%


1991........................31%

1992..........................31%

1993..........................39.60%


dont you remember Bush getting in trouble for raising taxes?

Reagan cut the rate from 50% to 28%. A much larger drop than Bush's 39.6% to 35%.
So why did Bush's small cut cause a crash while Reagan's 2 much larger cuts didn't?

it only lasted for two years and then we began to raise taxes back up.

did you miss the five year thing I said?

 

[Vast LWC]

It seems neither of you know or possibly care what caused the Great Depression. Grats on that.

In fact here, becuase maybe you're not a typical Obama-bot.

Milton Friedman Debunking Myth Of The Great Depression part 1 - YouTube

That video is all fine and dandy when it comes to bank collapses.

But it doesn't really take an in-depth look as to what caused the massive market failure that preceded the bank collapses.

In fact, it pretty much pooh-poohs the crash and the recession that coincided with it as irrelevant.

The giant bubble and bubble-popping of 1929, was caused by massive over-leveraging, brought on partially by the fact that the capital gains interest rate was 12.5%, much lower than it has ever been at any time in the last century.

In fact, the crisis just past bears a huge amount of resemblance to the bubble-crash of 1929, and the capital gains rate was the lowest it has ever been (15%) with the sole exception of the 1920's.

Lowering the Capital Gains rate reduces tax revenue, encourages bubble formation and over-leveraging, and helps create wealth inequity.

And it does not encourage investment in US jobs, because the companies being invested in are sending the jobs overseas.

Friedman is not the only school of thought on the subject, and there's good reason for that.

 

[Toddsterpatriot]

in 1988 the rate was 28%

1989.......................28%

1990........................31%


1991........................31%

1992..........................31%

1993..........................39.60%


dont you remember Bush getting in trouble for raising taxes?

Reagan cut the rate from 50% to 28%. A much larger drop than Bush's 39.6% to 35%.
So why did Bush's small cut cause a crash while Reagan's 2 much larger cuts didn't?

it only lasted for two years and then we began to raise taxes back up.

did you miss the five year thing I said?

5 years after Reagan's first huge cut, rates were still lower. No crash.
5 years after Reagan's second huge cut, rates were still lower. No crash.

No, I didn't miss your stupid 5 year claim.

 

[Truthmatters]

Reagan presided over 69.13- 50% tax rate for most of his years.

In 1987 he lowered it to 38.50

88 - 89 it was 28%


most of the Reagan term it was much higher than now huh?

 

[Vast LWC]

Reagan cut the rate from 50% to 28%. A much larger drop than Bush's 39.6% to 35%.
So why did Bush's small cut cause a crash while Reagan's 2 much larger cuts didn't?

Because Bush cut the capital gains tax rate to 15%.

 

[Truthmatters]

Bush 41 raised taxes

why you pretedning he didnt?

 

[Truthmatters]

Bush also waged a huge war while cutting taxes.

 

[Politico]

You can't compare the tax rates then to now.

 

[Truthmatters]

In both examples it took merely five years of low tax rates on the top to produce a crash

Where was the crash after 1988?

in 1988 the rate was 28%

1989.......................28%

1990........................31%


1991........................31%

1992..........................31%

1993..........................39.60%


dont you remember Bush getting in trouble for raising taxes?

LOW RATES WITHOUT RAISNG TAXES FOR 5 YEARS.


why are you pretending the 5 is not in that ?

 

[Truthmatters]

You can't compare the tax rates then to now.

I just did

 

[Charles_Main]

You can't compare the tax rates then to now.

I just did

Yes, You keep trying to Compare the Rates, but not the Deductions and Loop Holes and the Effective Actual Rates people paid after them.

Because to do that, Ruins your argument.

 

[Againsheila]

do u volunteer extra money?

You know, I already pay the top tax rate and I'm not in the top 1%, or 5%, or 10%, or 20% or 30% etc. Somehow I think the top tax rate should be higher than what I pay.

 

[Politico]

You can't compare the tax rates then to now.

I just did

Which shows you have no understanding of how the tax codes were set up then or now.

 

[whitehall]

First of all there were tons of tax breaks available during that time that we don't have now. Most experts agree that the top tax rate was realistically around 50-60% which is still rather high but here's the key...ENERGY WAS CHEAP, DIRT CHEAP. A gallon of gas was less than .25 cents. The cost of energy effects everything from production to distribution. If the radical left plans to cut the price of gas to .25 we might get away with a high tax rate.

 

[Rozman]

Why is the Democrat solution to everything

Spend more... or the b side of the record.
Raise taxes....

That fixes everything...

 

[Truthmatters]

why is the right wings only answer to everything war and tax cutsfor the rich?