Top tax rates were at 70% when Microsoft and Apple were founded

[PredFan]

It's amazing how a conservative will wrap their lips around any rich man's cock.

You seem to be obsessed with dick sucking. Why is that?

 

[PredFan]

The logic, you moron, goes like this -- poor but bright people would not try to innovate because high taxes would not let them benefit, should their innovation become a success.

And that logic, though it sounds plausible, is obviously flawed.

Hey Moron, no one says that. go ahead, link to me where anyne said that poor people wouldn't try to create anything because of taxes. I'll wait.

Idiots can't google, what a surprise:
High tax rates discourage work, saving and entrepreneurship

You make the claim, you are responsible for proving it dumbass.

Show me where it says that poor people won't try to create anything. Your link says nothing like that.

Or is reading comprehension also one of your many problems.

 

[ScienceRocks]

Instead of giving them money....why not provide a better education?

Give a man a fish and he eats for a day, but teach a man to fish, he teaches his nation to fish forever. This is what I'm talking about

 

[Cammmpbell]

I guess they forgot to tell Steve Jobs and Bill Gates that high tax rates kill incentives to innovate.

Tax rates in this country were such that wealthy people paid their share until Ronald Reagan pushed through some huge tax cuts and began to borrow from foreign banks to cover the shortfall. He and Bush41 quadrupled the national debt:

Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

09/30/1981 $997,855,000,000.00

.........................ANNUAL INTEREST ON THE NATIONAL DEBT......................

 

[Euroconservativ]

Try a 70% tax rate in today's multi-polar hyper-competitive world, and see what happens

 

[Euroconservativ]

Switzerland: top federal income tax rate of 11.5% (cantonal top tax rates range from 10% to 30%); unemployment rate of 3.5%

France: huge tax-rate gap; unemployment around 10% for 30 years

 

[ba1614]

And how many people were in the "top tax rate" at that time compared to today?

Personally, I would rather the country have lots of rich people paying the taxes rather than a few rich people paying 70%. But that's just me, I believe the more rich people the better, I know that goes against the progressive wet dream, but there it is.

 

[Rozman]

What's the point of raising tax rates?

Libs want more money in the treasury so they can spend more on
food stamps,welfare,more bureaucracy,bigger government,more social programs,more free stuff....

 

[Skull Pilot]

I guess they forgot to tell Steve Jobs and Bill Gates that high tax rates kill incentives to innovate.

What you forget to mention is that someone making 24000 a year in 1975 was in the 36% bracket.

So if you want to go back to 1975 be prepared to pay more in taxes yourself.

Individual Income Tax Parameters
Married Filing Jointly
1971-1976
Rate
$0 - $1,000 14%
$1,000 - $2,000 15%
$2,000 - $3,000 16%
$3,000 - $4,000 17%
$4,000 - $8,000 19%
$8,000 - $12,000 22%
$12,000 - $16,000 25%
$16,000 - $20,000 28%
$20,000 - $24,000 32%
$24,000 - $28,000 36%
$28,000 - $32,000 39%
$32,000 - $36,000 42%
$36,000 - $40,000 45%
$40,000 - $44,000 48%
$44,000 - $52,000 50%
$52,000 - $64,000 53%
$64,000 - $76,000 55%
$76,000 - $88,000 58%
$88,000 - $100,000 60%
$100,000 - $120,000 62%
$120,000 - $140,000 64%
$140,000 - $160,000 66%
$160,000 - $180,000 68%
$180,000 - $200,000 69%
$200,000 - and over 70%

 

[Cammmpbell]

Try a 70% tax rate in today's multi-polar hyper-competitive world, and see what happens

Yeah...they planned it that way. They won't be satisfied till what used to be the middle class works 80 hours a week with no benefits.....about like a Maylasian day laborer:

Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

09/30/1981 $997,855,000,000.00

.........................ANNUAL INTEREST ON THE NATIONAL DEBT......................

 

[healthmyths]

I guess they forgot to tell Steve Jobs and Bill Gates that high tax rates kill incentives to innovate.

NO dumb..f...k! I was around during that time and even the idiot Carter was at least NOT as anti-business, anti-capitalism as this dick head is!

I mean NO other president has ever gleefully said companies going bankrupt was ok!
NO other President SAID he preferred seeing 1,300 companies go out of business and $100 billion a year in TAX REVENUES be eliminated and ,400,000 employees out of work!

NO other president was more concerned over a "spotted owl" over gas in our cars!

So yes Jobs/Gates had 70% tax rate which (by the way never affected them with their initial startup costs but ACTUALLY HELPED because investors were able to write off against their 70% taxes the capital used by Jobs/Gates!

 

[Cammmpbell]

I guess they forgot to tell Steve Jobs and Bill Gates that high tax rates kill incentives to innovate.

NO dumb..f...k! I was around during that time and even the idiot Carter was at least NOT as anti-business, anti-capitalism as this dick head is!

I mean NO other president has ever gleefully said companies going bankrupt was ok!
NO other President SAID he preferred seeing 1,300 companies go out of business and $100 billion a year in TAX REVENUES be eliminated and ,400,000 employees out of work!

NO other president was more concerned over a "spotted owl" over gas in our cars!

So yes Jobs/Gates had 70% tax rate which (by the way never affected them with their initial startup costs but ACTUALLY HELPED because investors were able to write off against their 70% taxes the capital used by Jobs/Gates!

Do you have any references for that stuff or did you just pick up a load of horse shit from Fox News?

 

[Old Rocks]

So do you think we should restore that tax bracket? If not, what is the purpose of your post?

P.S. Do you know the difference between earned income and capital gains?

Damned right I do. The money I make working my but off on a dangerous job that demands both physical strength and strong analytical skills is taxed at a far higher rate that the money made on an investment. All income should be taxed at the same rates. Period. Capital gains, inheritance, ect.

 

[Skull Pilot]

So do you think we should restore that tax bracket? If not, what is the purpose of your post?

P.S. Do you know the difference between earned income and capital gains?

Damned right I do. The money I make working my but off on a dangerous job that demands both physical strength and strong analytical skills is taxed at a far higher rate that the money made on an investment. All income should be taxed at the same rates. Period. Capital gains, inheritance, ect.

Cool so you're for a flat tax?

I like 10% off the top for all income regardless of the source no deductions no exemptions period.

 

[Cammmpbell]

So do you think we should restore that tax bracket? If not, what is the purpose of your post?

P.S. Do you know the difference between earned income and capital gains?

Damned right I do. The money I make working my but off on a dangerous job that demands both physical strength and strong analytical skills is taxed at a far higher rate that the money made on an investment. All income should be taxed at the same rates. Period. Capital gains, inheritance, ect.

It doesn't make any difference what happens in the country both sides will give the richest among us a way around it. When I see some self serving politician coming up with a plan..........I say bend over and brace yourself. This country used to know the meaning of patriot and most politicians were among them. 'Course that's back when everybody served in the military not just the peons who couldn't afford to go to college.

An ordinary man on the street who makes it these days does it by luck...not just hard work.

 

[Old Rocks]

I guess they forgot to tell Steve Jobs and Bill Gates that high tax rates kill incentives to innovate.

NO dumb..f...k! I was around during that time and even the idiot Carter was at least NOT as anti-business, anti-capitalism as this dick head is!

I mean NO other president has ever gleefully said companies going bankrupt was ok!
NO other President SAID he preferred seeing 1,300 companies go out of business and $100 billion a year in TAX REVENUES be eliminated and ,400,000 employees out of work!

NO other president was more concerned over a "spotted owl" over gas in our cars!

So yes Jobs/Gates had 70% tax rate which (by the way never affected them with their initial startup costs but ACTUALLY HELPED because investors were able to write off against their 70% taxes the capital used by Jobs/Gates!

LOL. I see. So you are recommending that we go back to that 70% tax rate? I'll go along with that.

Care to show where our President ever said that about businesses going out of business? Link. Seems to me it was you people that were yelling 'let the auto makers go out of business'.

Actually, Myths, your posts are so full of silly shit, that one can read them, and automatically assume that whatever said is 180 degrees from the truth.

 

[Old Rocks]

So do you think we should restore that tax bracket? If not, what is the purpose of your post?

P.S. Do you know the difference between earned income and capital gains?

Damned right I do. The money I make working my but off on a dangerous job that demands both physical strength and strong analytical skills is taxed at a far higher rate that the money made on an investment. All income should be taxed at the same rates. Period. Capital gains, inheritance, ect.

Cool so you're for a flat tax?

I like 10% off the top for all income regardless of the source no deductions no exemptions period.

Won't pay the bills. 30% to 35% is a realistic amount, and that includes SS and Medicare taxes.

 

[Skull Pilot]

I guess they forgot to tell Steve Jobs and Bill Gates that high tax rates kill incentives to innovate.

NO dumb..f...k! I was around during that time and even the idiot Carter was at least NOT as anti-business, anti-capitalism as this dick head is!

I mean NO other president has ever gleefully said companies going bankrupt was ok!
NO other President SAID he preferred seeing 1,300 companies go out of business and $100 billion a year in TAX REVENUES be eliminated and ,400,000 employees out of work!

NO other president was more concerned over a "spotted owl" over gas in our cars!

So yes Jobs/Gates had 70% tax rate which (by the way never affected them with their initial startup costs but ACTUALLY HELPED because investors were able to write off against their 70% taxes the capital used by Jobs/Gates!

LOL. I see. So you are recommending that we go back to that 70% tax rate? I'll go along with that.

Care to show where our President ever said that about businesses going out of business? Link. Seems to me it was you people that were yelling 'let the auto makers go out of business'.

Actually, Myths, your posts are so full of silly shit, that one can read them, and automatically assume that whatever said is 180 degrees from the truth.

If you want the old tax rates then be prepared to pay more yourself.

Individual Income Tax Parameters
Married Filing Jointly
1971-1976
Rate
$0 - $1,000 14%
$1,000 - $2,000 15%
$2,000 - $3,000 16%
$3,000 - $4,000 17%
$4,000 - $8,000 19%
$8,000 - $12,000 22%
$12,000 - $16,000 25%
$16,000 - $20,000 28%
$20,000 - $24,000 32%
$24,000 - $28,000 36%
$28,000 - $32,000 39%
$32,000 - $36,000 42%
$36,000 - $40,000 45%
$40,000 - $44,000 48%
$44,000 - $52,000 50%
$52,000 - $64,000 53%
$64,000 - $76,000 55%
$76,000 - $88,000 58%
$88,000 - $100,000 60%
$100,000 - $120,000 62%
$120,000 - $140,000 64%
$140,000 - $160,000 66%
$160,000 - $180,000 68%
$180,000 - $200,000 69%
$200,000 - and over 70%

Tell me what tax bracket you'd be in if we turned back the clock before you pine for the good old days.

 

[Skull Pilot]

Damned right I do. The money I make working my but off on a dangerous job that demands both physical strength and strong analytical skills is taxed at a far higher rate that the money made on an investment. All income should be taxed at the same rates. Period. Capital gains, inheritance, ect.

Cool so you're for a flat tax?

I like 10% off the top for all income regardless of the source no deductions no exemptions period.

Won't pay the bills. 30% to 35% is a realistic amount, and that includes SS and Medicare taxes.

No all we need to do is replace the income tax and a 10% flat tax would do that. You people want SS then it can stay as it is.

 

[editec]

I guess they forgot to tell Steve Jobs and Bill Gates that high tax rates kill incentives to innovate.

What you forget to mention is that someone making 24000 a year in 1975 was in the 36% bracket.

So if you want to go back to 1975 be prepared to pay more in taxes yourself.

Individual Income Tax Parameters
Married Filing Jointly
1971-1976
Rate
$0 - $1,000 14%
$1,000 - $2,000 15%
$2,000 - $3,000 16%
$3,000 - $4,000 17%
$4,000 - $8,000 19%
$8,000 - $12,000 22%
$12,000 - $16,000 25%
$16,000 - $20,000 28%
$20,000 - $24,000 32%
$24,000 - $28,000 36%
$28,000 - $32,000 39%
$32,000 - $36,000 42%
$36,000 - $40,000 45%
$40,000 - $44,000 48%
$44,000 - $52,000 50%
$52,000 - $64,000 53%
$64,000 - $76,000 55%
$76,000 - $88,000 58%
$88,000 - $100,000 60%
$100,000 - $120,000 62%
$120,000 - $140,000 64%
$140,000 - $160,000 66%
$160,000 - $180,000 68%
$180,000 - $200,000 69%
$200,000 - and over 70%

THAT is an excellent point, SP.

Inflation needs to be taken into account when we fix tax rates.

In 1979, $24,000 was a fairly decent wage.


Hell back in 79, a million dollars was actually a lot of money!

But one minor point...those numbers reflect the taxable income AFTER standard or itemized deductions.