So absurd that that is exactly what the highest marginal tax rate was (or higher) for most of the 1900s until the late '80s.
As we all know from history class, all the millionaires and billionaires left in disgust and the U.S. turned into a failed communist state sometime in the 1960s.
Oh wait, that's not what happened. The wealthy people didn't leave. They just paid the tax. And then they paid even more to lobby "conservative" politicians into reducing their taxes, because as we all know the taxation rate on income over $400,000 is what's really holding America back.
Because the slogan "Make America Great Again" really emphasizes how America didn't achieve its true peak until the present, where the wealthy have managed to connive their way into lowering the highest marginal tax rates from 60%+ down to just 37%.
But hey, they lowered your middle class tax bill from 19% to 18% so why don't you just shut up and keep voting Republican? Don't you worry about how 37% of a billionaire's income above $400,000 that will be spent on ludicrous luxury amenities and frivolities has only a miniscule fraction of the utility of 19% of the money you use to not starve and die homeless. That millionaire "earned" it by inheriting all those stocks and property his dad gave him. Duh.
So absurd that that is exactly what the highest marginal tax rate was (or higher) for most of the 1900s until the late '80s.
As we all know from history class, all the millionaires and billionaires left in disgust and the U.S. turned into a failed communist state sometime in the 1960s.
Oh wait, that's not what happened. The wealthy people didn't leave. They just paid the tax. And then they paid even more to lobby "conservative" politicians into reducing their taxes, because as we all know the taxation rate on income over $400,000 is what's really holding America back.
Because the slogan "Make America Great Again" really emphasizes how America didn't achieve its true peak until the present, where the wealthy have managed to connive their way into lowering the highest marginal tax rates from 60%+ down to just 37%.
But hey, they lowered your middle class tax bill from 19% to 18% so why don't you just shut up and keep voting Republican? Don't you worry about how 37% of a billionaire's income above $400,000 that will be spent on ludicrous luxury amenities and frivolities has only a miniscule fraction of the utility that 19% of the money you use to not starve and die homeless. That millionaire "earned" it by inheriting all those stocks and property his dad gave him. Duh.
So absurd that that is exactly what the highest marginal tax rate was (or higher) for most of the 1900s until the late '80s.
As we all know from history class, all the millionaires and billionaires left in disgust and the U.S. turned into a failed communist state sometime in the 1960s.
Oh wait, that's not what happened. The wealthy people didn't leave. They just paid the tax. And then they paid even more to lobby "conservative" politicians into reducing their taxes, because as we all know the taxation rate on income over $400,000 is what's really holding America back.
Because the slogan "Make America Great Again" really emphasizes how America didn't achieve its true peak until the present, when the wealthy managed to connive their way into lowering the highest marginal tax rates from 60%+ down to just 37%.