Taxation....How To Do It?

[Penumbra]

sorry to be soooooo late....but is it true?

I heard a report that FDR dealt a tax of 100% for all income over 25,000dollars

Here's a list of all the federal income tax brackets in US history:
http://taxfoundation.org/article/us...-2013-nominal-and-inflation-adjusted-brackets

Around the end of FDR's term, the tax rate on income above $25k/year was 51%. In today's inflation-adjusted dollars, $25k/year would be about $370k/year.
FDR's top tax rate was 81% for any money made over $5 million per year, which translates into about $73 million per year today.

He didn't have the highest tax bracket, though. Under Dwight Eisenhower (a Republican), the top rax rate was 91% on incomes over $200k. Today that would translate into 91% tax on all money made beyond $1.7 million per year or so.

 

[Penumbra]

we were still recovering from several years of Dem government in 85, after Reagan, the 80's and 90's were among the most conspicuous boom years for America- everyone got better off, especially the poor.

Unfortunately, Reagan nearly tripled the annual federal deficit during his presidency. He cut taxes without cutting equivalent spending, so the national debt increased 186% in 8 years. The Republican and Democrat presidents before him maintained good debt levels. No modern president before or after Reagan has had a 186% debt level increase under their presidency. He's the record-holder by that metric.

The number of people under the poverty line in 1980 around the beginning of Reagan's term was 13%. The number of people under the poverty line in 1988 when he was leaving was also 13%. No change there, at least based on that particular metric.
http://www.census.gov/data/tables/time-series/demo/income-poverty/historical-poverty-people.html

 

[Thief]

Here's a list of all the federal income tax brackets in US history:
http://taxfoundation.org/article/us...-2013-nominal-and-inflation-adjusted-brackets

Around the end of FDR's term, the tax rate on income above $25k/year was 51%. In today's inflation-adjusted dollars, $25k/year would be about $370k/year.
FDR's top tax rate was 81% for any money made over $5 million per year, which translates into about $73 million per year today.

He didn't have the highest tax bracket, though. Under Dwight Eisenhower (a Republican), the top rax rate was 91% on incomes over $200k. Today that would translate into 91% tax on all money made beyond $1.7 million per year or so.

the report I saw on tv must have lacked your sources

 

[Thief]

we were still recovering from several years of Dem government in 85, after Reagan, the 80's and 90's were among the most conspicuous boom years for America- everyone got better off, especially the poor.

Correct me if I am wrong, 'You wealthy successful private citizens are the problem, you must 'fix it' is essentially what Stalin, Hitler and Kim Jong Il said also. And why FDR turned a blind eye to the threat of socialist dictators until Pearl Harbor, history doesn't exactly repeat itself, but it does often rhyme as they say!

do you prefer the revolts of France ....or Russia?

the rich get richer ....the poor get poorer
and then things go bad
real bad

and a population of size.....with guns....

have you noticed the 22cal is hard to get?
even Walmart (in my area) doesn't carry the little bullet

 

[Thief]

the Romans made taxation a doable practice......so I heard....
real good about record keeping

but every now and then .....the state would refrain....

not sure how that was dealt....and there's a word for it I can't seem to recall

 

[Revoltingest]

Hmmmm....I begin to suspect that the IRS is predatory.
Whoodathunkit?

I just found proof!