Current Events > Under JFK, the wealthy paid 91% of their earnings in income taxes

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Fecundity 09/23/17 12:12:09 PM #1:	at the highest bracket... Wish we could go back to the way taxes were back then, we could probably pay off the national debt in a couple years and get single payer too :v <cite>Fecundity posted [p:887139974] in Under JFK,... [t:75805869]...</cite> <quote>at the highest bracket... Wish we could go back to the way taxes were back then, we could probably pay off the national debt in a couple years and get single payer too :v</quote> ... Copied to Clipboard!
Annihilated 09/23/17 12:13:15 PM #2:	Because how much money the government steals from other people helps you. lol <cite>Annihilated posted [p:887140019] in Under JFK,... [t:75805869]...</cite> <quote>Because how much money the government steals from other people helps you. lol</quote> ... Copied to Clipboard!
Go_Totodile 09/23/17 12:13:18 PM #3:	91%? Holy shit --- https://i.imgur.com/lBceXcB.png <cite>Go_Totodile posted [p:887140025] in Under JFK,... [t:75805869]...</cite> <quote>91%? Holy shit</quote> ... Copied to Clipboard!
deupd_u 09/23/17 12:14:18 PM #4:	Maybe if we didn't spend 46% of the budget on welfare, we could do actual things. --- Snipers don't shoot at paper, they shoot watermelons. http://i.imgur.com/jo511lG.jpg <cite>deupd_u posted [p:887140073] in Under JFK,... [t:75805869]...</cite> <quote>Maybe if we didn't spend 46% of the budget on welfare, we could do actual things.</quote> ... Copied to Clipboard!
John_Galt 09/23/17 12:14:28 PM #5:	Ugh gross Thank goodness we are never going back to those days --- Who is John Galt? <cite>John_Galt posted [p:887140083] in Under JFK,... [t:75805869]...</cite> <quote>Ugh gross Thank goodness we are never going back to those days</quote> ... Copied to Clipboard!
Fecundity 09/23/17 12:15:48 PM #6:	Go_Totodile posted... 91%? Holy shit Ya it got slashed to 70 under JFK and then 50 under Reagan and today It's only 40, way too low our country is broke :t <cite>Fecundity posted [p:887140149] in Under JFK,... [t:75805869]...</cite> <quote><cite>Go_Totodile posted...</cite> <quote>91%? Holy shit</quote> Ya it got slashed to 70 under JFK and then 50 under Reagan and today It's only 40, way too low our country is broke :t</quote> ... Copied to Clipboard!
lilORANG 09/23/17 12:18:26 PM #7:	Noted liberal Ike Eisenhower also had that tax rate /s but tbf what counted as "income" back then did not include nearly as much stuff as it does nowadays. You're supposed to report basically everything nowadays. --- #FeelTheBern http://i.imgur.com/q5z4CUu.jpg http://i.imgur.com/6B9oFXh.jpg http://i.imgur.com/sy42Dlf.jpg <cite>lilORANG posted [p:887140268] in Under JFK,... [t:75805869]...</cite> <quote>Noted liberal Ike Eisenhower also had that tax rate /s but tbf what counted as "income" back then did not include nearly as much stuff as it does nowadays. You're supposed to report basically everything nowadays.</quote> ... Copied to Clipboard!
RickyTheBAWSE 09/23/17 12:19:12 PM #8:	deupd_u posted... Maybe if we didn't spend 46% of the budget on welfare, we could do actual things. in one topic you imply millennials don't have sex, now you say this, lol. --- Never let those intent on misunderstanding you be the narrator to YOUR story! Context? Context!? CONTEXT!!! <cite>RickyTheBAWSE posted [p:887140302] in Under JFK,... [t:75805869]...</cite> <quote><cite>deupd_u posted...</cite> <quote>Maybe if we didn't spend 46% of the budget on welfare, we could do actual things.</quote> in one topic you imply millennials don't have sex, now you say this, lol.</quote> ... Copied to Clipboard!
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Nukleen 09/23/17 12:20:27 PM #10:	Fecundity posted... we could probably pay off the national debt in a couple years and get single payer too :v Oh --- no. <cite>Nukleen posted [p:887140360] in Under JFK,... [t:75805869]...</cite> <quote><cite>Fecundity posted...</cite> <quote>we could probably pay off the national debt in a couple years and get single payer too :v</quote> Oh</quote> ... Copied to Clipboard!
the_rowan 09/23/17 12:22:18 PM #11:	deupd_u posted... Maybe if we didn't spend 46% of the budget on welfare, we could do actual things. About 10% of the budget is spent on safety net programs, unless you are including healthcare (e.g. Medicare and Medicaid) and/or Social Security under "welfare". --- "That is why war is so tragic. To win means to make victims of your opponents and give birth to hatred." - Kratos Aurion, Tales of Symphonia <cite>the_rowan posted [p:887140455] in Under JFK,... [t:75805869]...</cite> <quote><cite>deupd_u posted...</cite> <quote>Maybe if we didn't spend 46% of the budget on welfare, we could do actual things.</quote> About 10% of the budget is spent on safety net programs, unless you are including healthcare (e.g. Medicare and Medicaid) and/or Social Security under "welfare".</quote> ... Copied to Clipboard!
Annihilated 09/23/17 12:23:25 PM #12:	Fecundity posted... Go_Totodile posted... 91%? Holy shit Ya it got slashed to 70 under JFK and then 50 under Reagan and today It's only 40, way too low our country is broke :t A communist trying to rationalize U.S. tax codes. So cute! <cite>Annihilated posted [p:887140513] in Under JFK,... [t:75805869]...</cite> <quote><cite>Fecundity posted...</cite> <quote><cite>Go_Totodile posted...</cite> <quote>91%? Holy shit</quote> Ya it got slashed to 70 under JFK and then 50 under Reagan and today It's only 40, way too low our country is broke :t</quote> A communist trying to rationalize U.S. tax codes. So cute!</quote> ... Copied to Clipboard!
pikachupwnage 09/23/17 12:23:39 PM #13:	The wealthy would move to other countries lol. No one is going to tolerate a 91% tax rate. --- I'm Mary Poppins y'all. http://i2.kym-cdn.com/photos/images/newsfeed/000/665/328/d75.gif <cite>pikachupwnage posted [p:887140523] in Under JFK,... [t:75805869]...</cite> <quote>The wealthy would move to other countries lol. No one is going to tolerate a 91% tax rate.</quote> ... Copied to Clipboard!
lilORANG 09/23/17 12:27:05 PM #14:	pikachupwnage posted... The wealthy would move to other countries lol. all the countries worth living in have stricter economic regulations than the US. They'd have to move to Turkmenistan or something --- #FeelTheBern http://i.imgur.com/q5z4CUu.jpg http://i.imgur.com/6B9oFXh.jpg http://i.imgur.com/sy42Dlf.jpg <cite>lilORANG posted [p:887140676] in Under JFK,... [t:75805869]...</cite> <quote><cite>pikachupwnage posted...</cite> <quote>The wealthy would move to other countries lol.</quote> all the countries worth living in have stricter economic regulations than the US. They'd have to move to Turkmenistan or something</quote> ... Copied to Clipboard!
Xelltrix 09/23/17 12:27:47 PM #15:	How does 91% sound fair to you lol --- Reading this post may induce one or more of the following: Nausea / Butt-Hurt / Lulz / UM? Syndrome / Angst / Diarrhea <cite>Xelltrix posted [p:887140705] in Under JFK,... [t:75805869]...</cite> <quote>How does 91% sound fair to you lol</quote> ... Copied to Clipboard!
Solar_Crimson 09/23/17 12:28:13 PM #16:	deupd_u posted... Maybe if we didn't spend 46% of the budget on welfare, we could do actual things. Try the military. --- http://i.imgur.com/wKOoZkP.jpg http://i.imgur.com/mipFVFw.png http://backloggery.com/SolarCrimson <cite>Solar_Crimson posted [p:887140729] in Under JFK,... [t:75805869]...</cite> <quote><cite>deupd_u posted...</cite> <quote>Maybe if we didn't spend 46% of the budget on welfare, we could do actual things.</quote> Try the military.</quote> ... Copied to Clipboard!
TheMikh 09/23/17 12:28:58 PM #17:	The entire developed world was rebuilding from WW2. We could afford to have the kinds of tax rates and regulations we had because there was no competition overseas. Once it returned (see: the rise of German and Japanese manufacturing in the 1970s), our economy became a nightmare, especially in conjunction with the oil embargo. --- http://i.imgur.com/A0TAfek.png <cite>TheMikh posted [p:887140759] in Under JFK,... [t:75805869]...</cite> <quote>The entire developed world was rebuilding from WW2. We could afford to have the kinds of tax rates and regulations we had because there was no competition overseas. Once it returned (see: the rise of German and Japanese manufacturing in the 1970s), our economy became a nightmare, especially in conjunction with the oil embargo.</quote> ... Copied to Clipboard!
Unsugarized_Foo 09/23/17 12:29:09 PM #18:	They'd make their own country where hookers and blow are legal and all responsibility is afforded on an as needed basis. --- "All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana <cite>Unsugarized_Foo posted [p:887140766] in Under JFK,... [t:75805869]...</cite> <quote>They'd make their own country where hookers and blow are legal and all responsibility is afforded on an as needed basis.</quote> ... Copied to Clipboard!
Annihilated 09/23/17 12:42:12 PM #19:	lilORANG posted... pikachupwnage posted... The wealthy would move to other countries lol. all the countries worth living in have stricter economic regulations than the US. They'd have to move to Turkmenistan or something They already all have lower corporate taxes than we do. Ours are the highest in the world. <cite>Annihilated posted [p:887141338] in Under JFK,... [t:75805869]...</cite> <quote><cite>lilORANG posted...</cite> <quote><cite>pikachupwnage posted...</cite> <quote>The wealthy would move to other countries lol.</quote> all the countries worth living in have stricter economic regulations than the US. They'd have to move to Turkmenistan or something</quote> They already all have lower corporate taxes than we do. Ours are the highest in the world.</quote> ... Copied to Clipboard!
SGT_Conti 09/23/17 12:44:58 PM #20:	But what was the effective tax rate for most of those people --- Posted with GameRaven 3.2.2 <cite>SGT_Conti posted [p:887141467] in Under JFK,... [t:75805869]...</cite> <quote>But what was the effective tax rate for most of those people</quote> ... Copied to Clipboard!
lilORANG 09/23/17 12:45:22 PM #21:	Annihilated posted... lilORANG posted... pikachupwnage posted... The wealthy would move to other countries lol. all the countries worth living in have stricter economic regulations than the US. They'd have to move to Turkmenistan or something They already all have lower corporate taxes than we do. Ours are the highest in the world. not really. They look higher on paper but nobody actually pays that rate because there are so many exemptions and credits and stuff that corporations qualify for. Plus we have the S-Corp option. idk if other countries allow that tbh but the actual corporate rate isn't what's paid in practice. --- #FeelTheBern http://i.imgur.com/q5z4CUu.jpg http://i.imgur.com/6B9oFXh.jpg http://i.imgur.com/sy42Dlf.jpg <cite>lilORANG posted [p:887141480] in Under JFK,... [t:75805869]...</cite> <quote><cite>Annihilated posted...</cite> <quote><cite>lilORANG posted...</cite> <quote><cite>pikachupwnage posted...</cite> <quote>The wealthy would move to other countries lol.</quote> all the countries worth living in have stricter economic regulations than the US. They'd have to move to Turkmenistan or something</quote> They already all have lower corporate taxes than we do. Ours are the highest in the world.</quote> not really. They look higher on paper but nobody actually pays that rate because there are so many exemptions and credits and stuff that corporations qualify for. Plus we have the S-Corp option. idk if other countries allow that tbh but the actual corporate rate isn't what's paid in practice.</quote> ... Copied to Clipboard!
MaverickXeo 09/23/17 1:14:30 PM #22:	Fecundity posted... Go_Totodile posted... 91%? Holy shit Ya it got slashed to 70 under JFK and then 50 under Reagan and today It's only 40, way too low our country is broke :t And yet, prior to 1913, only the very richest people paid taxes and the country wasn't 'broke.' --- --- MaverickXeo --- <cite>MaverickXeo posted [p:887142926] in Under JFK,... [t:75805869]...</cite> <quote><cite>Fecundity posted...</cite> <quote><cite>Go_Totodile posted...</cite> <quote>91%? Holy shit</quote> Ya it got slashed to 70 under JFK and then 50 under Reagan and today It's only 40, way too low our country is broke :t</quote> And yet, prior to 1913, only the very richest people paid taxes and the country wasn't 'broke.'</quote> ... Copied to Clipboard!
Fecundity 09/23/17 1:16:33 PM #23:	MaverickXeo posted... Fecundity posted... Go_Totodile posted... 91%? Holy shit Ya it got slashed to 70 under JFK and then 50 under Reagan and today It's only 40, way too low our country is broke :t And yet, prior to 1913, only the very richest people paid taxes and the country wasn't 'broke.' What does that prove??? That rich ppl paid taxes in 1913 and now they don't and we're broke??? <cite>Fecundity posted [p:887143038] in Under JFK,... [t:75805869]...</cite> <quote><cite>MaverickXeo posted...</cite> <quote><cite>Fecundity posted...</cite> <quote><cite>Go_Totodile posted...</cite> <quote>91%? Holy shit</quote> Ya it got slashed to 70 under JFK and then 50 under Reagan and today It's only 40, way too low our country is broke :t</quote> And yet, prior to 1913, only the very richest people paid taxes and the country wasn't 'broke.'</quote> What does that prove??? That rich ppl paid taxes in 1913 and now they don't and we're broke???</quote> ... Copied to Clipboard!
Annihilated 09/23/17 1:24:32 PM #24:	lilORANG posted... Annihilated posted... lilORANG posted... pikachupwnage posted... The wealthy would move to other countries lol. all the countries worth living in have stricter economic regulations than the US. They'd have to move to Turkmenistan or something They already all have lower corporate taxes than we do. Ours are the highest in the world. not really. They look higher on paper but nobody actually pays that rate because there are so many exemptions and credits and stuff that corporations qualify for. Plus we have the S-Corp option. idk if other countries allow that tbh but the actual corporate rate isn't what's paid in practice. Yes really. Just because some businesses have a few select tax exemptions doesn't mean "nobody pays it anyways." That's all just socialist rhetoric drivel to justify keeping the small businesses down. Most businesses do pay this tax and their hiring suffers for it. <cite>Annihilated posted [p:887143494] in Under JFK,... [t:75805869]...</cite> <quote><cite>lilORANG posted...</cite> <quote><cite>Annihilated posted...</cite> <quote><cite>lilORANG posted...</cite> <quote><cite>pikachupwnage posted...</cite> <quote>The wealthy would move to other countries lol.</quote> all the countries worth living in have stricter economic regulations than the US. They'd have to move to Turkmenistan or something</quote> They already all have lower corporate taxes than we do. Ours are the highest in the world.</quote> not really. They look higher on paper but nobody actually pays that rate because there are so many exemptions and credits and stuff that corporations qualify for. Plus we have the S-Corp option. idk if other countries allow that tbh but the actual corporate rate isn't what's paid in practice.</quote> Yes really. Just because some businesses have a few select tax exemptions doesn't mean "nobody pays it anyways." That's all just socialist rhetoric drivel to justify keeping the small businesses down. Most businesses do pay this tax and their hiring suffers for it.</quote> ... Copied to Clipboard!
Fecundity 09/23/17 1:30:10 PM #25:	Annihilated posted... lilORANG posted... Annihilated posted... lilORANG posted... pikachupwnage posted... The wealthy would move to other countries lol. all the countries worth living in have stricter economic regulations than the US. They'd have to move to Turkmenistan or something They already all have lower corporate taxes than we do. Ours are the highest in the world. not really. They look higher on paper but nobody actually pays that rate because there are so many exemptions and credits and stuff that corporations qualify for. Plus we have the S-Corp option. idk if other countries allow that tbh but the actual corporate rate isn't what's paid in practice. Yes really. Just because some businesses have a few select tax exemptions doesn't mean "nobody pays it anyways." That's all just socialist rhetoric drivel to justify keeping the small businesses down. Most businesses do pay this tax and their hiring suffers for it. If it's socialist rhetoric then y are these conservatives confirming it??? http://www.nationalreview.com/article/451544/republican-trillion-dollar-tax-cut-irresponsible-anti-growth <cite>Fecundity posted [p:887143782] in Under JFK,... [t:75805869]...</cite> <quote><cite>Annihilated posted...</cite> <quote><cite>lilORANG posted...</cite> <quote><cite>Annihilated posted...</cite> <quote><cite>lilORANG posted...</cite> <quote><cite>pikachupwnage posted...</cite> <quote>The wealthy would move to other countries lol.</quote> all the countries worth living in have stricter economic regulations than the US. They'd have to move to Turkmenistan or something</quote> They already all have lower corporate taxes than we do. Ours are the highest in the world.</quote> not really. They look higher on paper but nobody actually pays that rate because there are so many exemptions and credits and stuff that corporations qualify for. Plus we have the S-Corp option. idk if other countries allow that tbh but the actual corporate rate isn't what's paid in practice.</quote> Yes really. Just because some businesses have a few select tax exemptions doesn't mean "nobody pays it anyways." That's all just socialist rhetoric drivel to justify keeping the small businesses down. Most businesses do pay this tax and their hiring suffers for it.</quote> If it's socialist rhetoric then y are these conservatives confirming it??? http://www.nationalreview.com/article/451544/republican-trillion-dollar-tax-cut-irresponsible-anti-growth</quote> ... Copied to Clipboard!
lilORANG 09/23/17 1:40:58 PM #26:	Annihilated posted... lilORANG posted... Annihilated posted... lilORANG posted... pikachupwnage posted... The wealthy would move to other countries lol. all the countries worth living in have stricter economic regulations than the US. They'd have to move to Turkmenistan or something They already all have lower corporate taxes than we do. Ours are the highest in the world. not really. They look higher on paper but nobody actually pays that rate because there are so many exemptions and credits and stuff that corporations qualify for. Plus we have the S-Corp option. idk if other countries allow that tbh but the actual corporate rate isn't what's paid in practice. Yes really. Just because some businesses have a few select tax exemptions doesn't mean "nobody pays it anyways." That's all just socialist rhetoric drivel to justify keeping the small businesses down. Most businesses do pay this tax and their hiring suffers for it. I'll see your unsubstantiated claim and raise you some hard evidence https://www.cbpp.org/research/federal-tax/actual-us-corporate-tax-rates-are-in-line-with-comparable-countries btw this is analogous to my first post ITT saying that the 91% rate imposed back then isn't what's actually being paid, because the definition of "income" wasn't nearly as broad as it is today. What's more important to you? What the tax rate is on paper, or what someone actually pays? I don't see much use in applying the first standard. --- #FeelTheBern http://i.imgur.com/q5z4CUu.jpg http://i.imgur.com/6B9oFXh.jpg http://i.imgur.com/sy42Dlf.jpg <cite>lilORANG posted [p:887144320] in Under JFK,... [t:75805869]...</cite> <quote><cite>Annihilated posted...</cite> <quote><cite>lilORANG posted...</cite> <quote><cite>Annihilated posted...</cite> <quote><cite>lilORANG posted...</cite> <quote><cite>pikachupwnage posted...</cite> <quote>The wealthy would move to other countries lol.</quote> all the countries worth living in have stricter economic regulations than the US. They'd have to move to Turkmenistan or something</quote> They already all have lower corporate taxes than we do. Ours are the highest in the world.</quote> not really. They look higher on paper but nobody actually pays that rate because there are so many exemptions and credits and stuff that corporations qualify for. Plus we have the S-Corp option. idk if other countries allow that tbh but the actual corporate rate isn't what's paid in practice.</quote> Yes really. Just because some businesses have a few select tax exemptions doesn't mean "nobody pays it anyways." That's all just socialist rhetoric drivel to justify keeping the small businesses down. Most businesses do pay this tax and their hiring suffers for it.</quote> I'll see your unsubstantiated claim and raise you some hard evidence https://www.cbpp.org/research/federal-tax/actual-us-corporate-tax-rates-are-in-line-with-comparable-countries btw this is analogous to my first post ITT saying that the 91% rate imposed back then isn't what's actually being paid, because the definition of "income" wasn't nearly as broad as it is today. What's more important to you? What the tax rate is on paper, or what someone actually pays? I don't see much use in applying the first standard.</quote> ... Copied to Clipboard!
J E S U S 09/23/17 1:50:23 PM #27:	pikachupwnage posted... The wealthy would move to other countries lol. No one is going to tolerate a 91% tax rate. At that point, why even bother to try and succeed in life --- imaginary <cite>J E S U S posted [p:887144767] in Under JFK,... [t:75805869]...</cite> <quote><cite>pikachupwnage posted...</cite> <quote>The wealthy would move to other countries lol. No one is going to tolerate a 91% tax rate.</quote> At that point, why even bother to try and succeed in life</quote> ... Copied to Clipboard!
averagejoel 09/23/17 1:53:31 PM #28:	MaverickXeo posted... Fecundity posted... Go_Totodile posted... 91%? Holy shit Ya it got slashed to 70 under JFK and then 50 under Reagan and today It's only 40, way too low our country is broke :t And yet, prior to 1913, only the very richest people paid taxes and the country wasn't 'broke.' 50 years before that, a huge portion of that wealth came from slave labour --- peanut butter and dick <cite>averagejoel posted [p:887144906] in Under JFK,... [t:75805869]...</cite> <quote><cite>MaverickXeo posted...</cite> <quote><cite>Fecundity posted...</cite> <quote><cite>Go_Totodile posted...</cite> <quote>91%? Holy shit</quote> Ya it got slashed to 70 under JFK and then 50 under Reagan and today It's only 40, way too low our country is broke :t</quote> And yet, prior to 1913, only the very richest people paid taxes and the country wasn't 'broke.'</quote> 50 years before that, a huge portion of that wealth came from slave labour</quote> ... Copied to Clipboard!
Paper_Okami 09/23/17 1:54:54 PM #29:	The wealthy steal a lot from the workers who helped make them wealthy anyway. --- "Conceit, arrogance and egotism are the essentials of patriotism"- Emma Goldman "Wimmy Wham Wham Wozzle!" -Slurms MacKenzie <cite>Paper_Okami posted [p:887144965] in Under JFK,... [t:75805869]...</cite> <quote>The wealthy steal a lot from the workers who helped make them wealthy anyway.</quote> ... Copied to Clipboard!
NibeIungsnarf 09/23/17 2:01:59 PM #30:	Fecundity posted... at the highest bracket... I like how you kept that out of the topic title for clickbait. Got me to come here to tell you that you're stupid. <cite>NibeIungsnarf posted [p:887145287] in Under JFK,... [t:75805869]...</cite> <quote><cite>Fecundity posted...</cite> <quote>at the highest bracket...</quote> I like how you kept that out of the topic title for clickbait. Got me to come here to tell you that you're stupid.</quote> ... Copied to Clipboard!
Unfernal_Server 09/23/17 2:13:50 PM #31:	Paper_Okami posted... The wealthy steal a lot from the workers who helped make them wealthy anyway. Bingo. Paper pushers. --- =^..^= <cite>Unfernal_Server posted [p:887145816] in Under JFK,... [t:75805869]...</cite> <quote><cite>Paper_Okami posted...</cite> <quote>The wealthy steal a lot from the workers who helped make them wealthy anyway.</quote> Bingo. Paper pushers.</quote> ... Copied to Clipboard!
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Current Events > Under JFK, the wealthy paid 91% of their earnings in income taxes (+) Yeah! (+)

Current Events > Under JFK, the wealthy paid 91% of their earnings in income taxes