Quote:
Originally Posted by New Era
That's the rate they started at, not paid. Just like the top 1% today start at 37% but usually pay less than 15% after deductions. It's a game, but the deck was stacked more in the favor of the average Joe back in the 50s. Today, the top 1% rarely pays their fair share, and corporations rarely pay any tax at all.
Sure, just like saying that the top 1% pay 37% right now. Back in the 50s the top 1% paid a lot closer to 91% than the top 1% today pay 37%. The systems have always been screwed up that way because of the imbalance in reductions that rich people get to abuse and poor people have no access to.
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What are you talking about? Do you know how marginal tax rates work?