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tyne

(1,248 posts)
Thu Feb 9, 2012, 03:23 PM Feb 2012

Brilliant way to make some money!!!

"But drop by and look at the actual facts. See this compilation of income tax rates.. Tax rates are at historic lows. And this is for earned income. Rates for dividends and capital gains are even lower - by half - than what you see in the figure!

In the 99 years that we have had the income tax, rates for top earners were lower than they are today only twice:

1) during the 5 years before the US entry into the First World War in 1917, and

2) during the brief stretch from 1925 through 1930... when a massive asset value bubble pumped the economy into the Great Depression."


"Be entrepreneurial. Make Adam Smith proud and use all this to make money. Seriously. Lure your nearest Tea Partier to make grand declarations about the oppressiveness of recent tax rates and the growing federal share of the economy and then demand a wager! Only... get it in writing."

http://davidbrin.blogspot.com/2012/02/are-taxes-historically-high-or-low.html

Awesome.

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