Permanent tax breaks for the upper 1% ?!?

[gimpy117]

Originally Posted by tater

Sounds like a good idea to me. The top 1% already pays a higher % than ever, AND a far higher % than people below.

no they don't

in WWII they paid above 90%. the cold war through the 70's it was 90%

[Sailor Steve]

Originally Posted by gimpy117

no they don't

in WWII they paid above 90%. the cold war through the 70's it was 90%

And in 1913 when the income tax was created they payed a whopping 7%.

The government raised the rates to help pay for wars, but mostly to teach the evil rich a lesson. Just because they did it before and can do it again doesn't make it right. The income tax is wrong - period.

[tater]

Originally Posted by gimpy117

no they don't

in WWII they paid above 90%. the cold war through the 70's it was 90%

They pay a higher % of taxes collected, not a higher marginal rate. The two are unrelated, particularly given the dodges in the old system.