Quote:
Originally Posted by Papa_Complex
No comment on the tax rates, when the country was being built? Kinda blows a hole in the whole extreme right wing premise.
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You have to ignore a few things for that to hold true. First when the top tax rates were that high they were always for people having the equivalent of well over $2 million per year of income in today's dollars (sometimes over $50 million). Next that there were a lot more loopholes that were much easier to use back then. Talking about marginal tax rates is pretty useless, effective tax rates are what matter.