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So, let's get more complicated. When there was a 94% top rate in 1944-45, there were so many deductions and exclusions that the taxable income was not comparable to someone's entire income. First, the top rate started at $200,000, which today is equal to $2,413,059.90 — so the maximum EMTR would apply only to incomes of $2.5 million. But, that's still taxable income, not earned income.
In 1944, you could deduct business meals, all business travel, all forms of interest payments, and much more. You could even deduct spousal travel expenses on a business trip! (Why travel alone?) Companies could also "loan" or "provide" almost anything to an employee, from an apartment to standard benefits. It was possible to shelter tens of thousands of dollars from taxable income. Three-martini lunches and expense accounts were important realities, skewing tax calculations.
Hmmm.... kinda what I was telling the bitch all along... the FACTS she seems to conveniently IGNORE
I swear, I would pay to watch TDM kill herself
Ryan's own budget has these same cuts to Medicare. How dishonest can you get?
Paul Ryan Bashes Medicare Cuts In His Own Budget - YouTube
So, let's get more complicated. When there was a 94% top rate in 1944-45, there were so many deductions and exclusions that the taxable income was not comparable to someone's entire income. First, the top rate started at $200,000, which today is equal to $2,413,059.90 so the maximum EMTR would apply only to incomes of $2.5 million. But, that's still taxable income, not earned income.
In 1944, you could deduct business meals, all business travel, all forms of interest payments, and much more. You could even deduct spousal travel expenses on a business trip! (Why travel alone?) Companies could also "loan" or "provide" almost anything to an employee, from an apartment to standard benefits. It was possible to shelter tens of thousands of dollars from taxable income. Three-martini lunches and expense accounts were important realities, skewing tax calculations.
Hmmm.... kinda what I was telling the bitch all along... the FACTS she seems to conveniently IGNORE
I swear, I would pay to watch TDM kill herself
You speak as if there were more tax expenditures in 1944 than there are today.
I doubt that very much.
We have been averaging at least one tax expenditure a day being added to the tax code for the past ten years. The tax code is now over 17 thousand pages, and tax expenditures add up to over a trillion dollars a year.
Ryan's own budget has these same cuts to Medicare. How dishonest can you get?
Paul Ryan Bashes Medicare Cuts In His Own Budget - YouTube
Yeah....I'd say Paulie's pretty-much outta ammo.
Ryan's own budget has these same cuts to Medicare. How dishonest can you get?
Paul Ryan Bashes Medicare Cuts In His Own Budget - YouTube
Yeah....I'd say Paulie's pretty-much outta ammo.
he knows his plan is phoney
Clinton had us on a decent track.
Why did the republican party distroy that?
Clinton had us on a decent track.
Why did the republican party distroy that?
50% of the people in this country don't pay any taxes at all. They should start paying their fair share.
50% of the people in this country don't pay any taxes at all. They should start paying their fair share.
Americans who don't pay federal income taxes are mostly in that tax category because of Republican tax policy.
You got what you wanted, now you're crying about it. Typical rightwing crybaby.
50% of the people in this country don't pay any taxes at all. They should start paying their fair share.
50% of the people in this country don't pay any taxes at all. They should start paying their fair share.
Are these people you speak of off the grid? How do they get around, gas taxes, sales taxes, and payroll taxes?
Ryan must be doing something right. A lot of topics started about him in the past couple days. The attack brigades have been sent forth.
That's what distinguishes him from all other Republican politicians. He is not afraid of the attack brigades.
Ryan must be doing something right. A lot of topics started about him in the past couple days. The attack brigades have been sent forth.
That's what distinguishes him from all other Republican politicians. He is not afraid of the attack brigades.
Rand Paul must be doing something right, lots of topics started about him in the last couple days....
Clinton had us on a decent track.
Why did the republican party distroy that?
Clinton had a Republican congress writing the budget you dumb fuck, passed that Clinton and Newt raided SS to make it look like they were closing the deficit, in reality they were adding to it.
"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down."
Ryan must be doing something right. A lot of topics started about him in the past couple days. The attack brigades have been sent forth.
That's what distinguishes him from all other Republican politicians. He is not afraid of the attack brigades.
Rand Paul must be doing something right, lots of topics started about him in the last couple days....
