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re: Trickle Down Economics Explained

Posted on 5/26/17 at 9:26 am to
Posted by Machine
Earth
Member since May 2011
6001 posts
Posted on 5/26/17 at 9:26 am to
quote:

This is true.

Since the upper 10% of wage earners pay 85% of all income taxes.

The upper 1% pays 56% of all income taxes.
and its still lower than those "good ole days" of the 50's conservatives long for
Posted by Loserman
Member since Sep 2007
21999 posts
Posted on 5/26/17 at 9:32 am to
quote:

This is true. Since the upper 10% of wage earners pay 85% of all income taxes. The upper 1% pays 56% of all income taxes.


quote:

and its still lower than those "good ole days" of the 50's conservatives long for


Actually it isn't.

Sure if you look at the 1950s and see things like the upper 1% having a tax rate of 90% it looks like on the surface that you would be correct.

The problem is no one actually paid those rates.
The % that the rich paid then in actual receipts paid was lower than today.
Posted by tedmarkuson
texas
Member since Feb 2015
2592 posts
Posted on 5/26/17 at 9:34 am to
quote:

and its still lower than those "good ole days" of the 50's conservatives long for


do you really expect us to believe you have a job son?



here son these are the tax brackets in 1979 the year i graduated high school

married filing joint:

$0.00+ 0%
$1,700.00+ 14%
$2,750.00+ 16%
$3,800.00+ 18%
$5,950.00+ 21%
$8,000.00+ 24%
$10,100.00+ 28%
$12,300.00+ 32%
$14,950.00+ 37%
$17,600.00+ 43%
$22,900.00+ 49%
$30,000.00+ 54%
$42,800.00+ 59%
$54,700.00+ 64%
$81,200.00+ 68%
$107,700.00+ 70%

you have no concept of what paying taxes would look like.

do us all a favor and shut the phuck up.

left of center moderate! that's a good one comrade!
This post was edited on 5/26/17 at 9:35 am
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