Quote:
Originally Posted by opendoor
Define "over taxed". In the '70s personal income over $60K (about $350K in 2015 dollars) was taxed at nearly 70% and corporate taxes were in the 40-50% range. In the '60s the highest marginal tax rates were into the 80% range. People didn't just walk away from their businesses or quit being surgeons to become janitors because they made a little less money than they would've made if tax rates were lower.
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True; however, look at where the country and economy were back then. It could be a chicken or egg thing but its not like people are wishing back to the glory days of the '70's.