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Sure, except the wealthy were doing just fine when taxes were significantly higher for them. They weren't suffering--they were still extremely wealthy, far more than everyone else.

For them to complain that their chlorine level is too high, when in the past it was twice as high or higher, and they were still living high on the hog? Sorry, don't care how they feel, tax the heck out of them.



"Sure, except the wealthy were doing just fine when taxes were significantly higher for them. They weren't suffering--they were still extremely wealthy, far more than everyone else."

Income taxes were never significantly higher than they are now in the United States.

You are thinking of the anti war profiteering tax brackets that were put into place after the entry into WW2. This was not a tax increase in the way you think of it and it was not designed to generate revenue or redistribute wealth - it was a patriotic act to ensure that nobody benefited financially from the prosecution of the war.

If you compare tax rates and use those as an anchor, you don't know what you're talking about.


> Income taxes were never significantly higher than they are now in the United States.

Uh...you might want to check on that.


Does your plan account for wealth escaping your attempts to tax it, leading to less taxes overall? We had the Apple money thread yesterday here..


Do you know was the effective tax back then? (it was much easier to hide money and the deductions were greater)




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