Comments on: A 91 percent tax rate? Really?

By: BeReel41ns

BeReel41ns — Sun, 07 Apr 2013 21:23:48 +0000

The reason the 91 percent rate was sustainable is because they could easily get half of that back if they proved they reinvested it in America. That’s why so many off-shoots and subsidiaries sprang up. This of course was long before the greedy got greedier and outsourcing became a factor. The bottom line is, is that we need to preserve the American lifestyle as it once was as much as possible or we will be joining the likes of Chinese and Indian societies sooner than we think. Of course, these guys are not passing us and our children as people may be trying to lead us to believe. People still prefer living in the U.S. than any other country. Additionally, many other countries only report their top third student’s test scores, while many states in America report them all; including learning disabled and those without a command of the English language.

By: theps

theps — Tue, 30 Aug 2011 12:58:40 +0000

46% that’s what the rate should be. and dont say that’s not fair because every single American under that tax bracket would take 54% of a millionaires wealth any day! millionaires and billionaires are the only ones crying. during those years look what happen debt decreased consistently, and we got programs like the Federal High Way Act under REPUBLICAN Dwight Eisenhower. i agree 91% is just ridiculous lol but we all can agree the rich in this country can afford to pay more then 35% they survived for a few decades at rates alot higher and america still grew!

By: spet67

spet67 — Thu, 02 Dec 2010 23:25:17 +0000

A 91% tax rate is simply untenable.

First, the rich would simply fund candidates who would lower it.

If that failed, they’d simply move themselves and their businesses elsewhere. That option wasn’t as viable in the 50′s when most of the developing world was still recovering from WWII.

By: jont

jont — Thu, 02 Dec 2010 20:29:22 +0000

Like everything in this world life isn’t fair. God didn’t make everybody smart, savvy, aggressive, talented and good at making money. The rich 84%-95% create the middle class and the illegal immigrants to work like “bees” in their hives of putrid chemical facilities, New York skyscraper prisons their $1000 bucks a week and two weeks off each year for a vacation. Individual Americans who make $500 hundred thousand a year and couples that make $1 million bucks a year should pay 39.6% taxes, their “lack of buying power will make Walmart go bankrupt.” Cut taxes for the “made up middle class deep in debt” and raise taxes for the stockbroker making $600 hundred thousand bucks a year for playing with other people’s money. God, why didn’t you make veryone equal?

By: tpatch750il

tpatch750il — Thu, 18 Nov 2010 19:47:54 +0000

Love the Laffer Curve – exactly how people respond. Nice reference. http://www.heritage.org/research/reports /2004/06/the-laffer-curve-past-present- and-future