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I just heard the latest anti-sanders talking point (Original Post) Robbins Oct 2015 OP
I don't think JackInGreen Oct 2015 #1
None of it will...just shows you the desperation of the opposition. Kinda sad if you ask me. InAbLuEsTaTe Oct 2015 #12
Eisenhower wanted 91 cents MannyGoldstein Oct 2015 #2
They love failing to mention that "top" part when they scare-monger, don't they? arcane1 Oct 2015 #3
On income over x dollars. Ed Suspicious Oct 2015 #7
Perhaps not for himself, though. merrily Oct 2015 #8
What people don't undertand is that the TOP RATE is ONLY assessed on the napi21 Oct 2015 #4
the TOP RATE is ONLY assessed on the $$ earned OVER a stated amount. DJ13 Oct 2015 #10
idjits will say anything. lonestarnot Oct 2015 #5
One of the clowns threw that number out at tonight's debate. Marie Marie Oct 2015 #6
Trump used it at one of his conclave of crazies. They ate it up too. hedda_foil Oct 2015 #9
Well... WillyT Oct 2015 #11
I guess my response would be... SoapBox Oct 2015 #13
BS is right. Enthusiast Oct 2015 #14

InAbLuEsTaTe

(24,122 posts)
12. None of it will...just shows you the desperation of the opposition. Kinda sad if you ask me.
Thu Oct 29, 2015, 12:03 AM
Oct 2015

Bernie & Elizabeth 2016!!!

 

MannyGoldstein

(34,589 posts)
2. Eisenhower wanted 91 cents
Wed Oct 28, 2015, 11:00 PM
Oct 2015

He wanted a top tax rate of 91% - and both houses of Congress were controlled by Republicans.

And the country grew like gangbusters.

merrily

(45,251 posts)
8. Perhaps not for himself, though.
Wed Oct 28, 2015, 11:26 PM
Oct 2015
Critics regarded it as one of the finest U.S. military memoirs, and it was a major financial success as well. Eisenhower's profit on the book was substantially aided by an unprecedented ruling by the U.S. Department of the Treasury that Eisenhower was not a professional writer, but rather, marketing the lifetime asset of his experiences, and thus he only had to pay capital gains tax on his $635,000 advance instead of the much higher personal tax rate. This ruling saved Eisenhower about $400,000.[101]


https://en.wikipedia.org/wiki/Dwight_D._Eisenhower

See also: http://www.forbes.com/sites/davidmarotta/2013/02/28/dwight-d-eisenhower-on-tax-cuts-and-a-balanced-budget/

I think at least part of the reason for the high tax rate during the Eisenhower administration was that the war tax from World War II was still in effect.

http://www.cbsnews.com/news/how-would-you-feel-about-a-94-tax-rate/

IIRC, Kennedy reduced or eliminated it.

Growth was due to a lot of factors other than Eisenhower, too--not the least of which was bringing two of our biggest competitors to their knees and the national highway system conceived by prior Presidents, incl. FDR, which gave rise to a lot of suburban home and commercial building, as well as the construction of the system itself.

(Not a fan of Eisenhower.)

napi21

(45,806 posts)
4. What people don't undertand is that the TOP RATE is ONLY assessed on the
Wed Oct 28, 2015, 11:05 PM
Oct 2015

$$ earned OVER a stated amount. i.e. $3 million, $5 million. People hear 90% tass rate and they think "WOW, that idiot wants to take all MY PAYCHECK!"

All the Dems need to explain that fact.

DJ13

(23,671 posts)
10. the TOP RATE is ONLY assessed on the $$ earned OVER a stated amount.
Wed Oct 28, 2015, 11:43 PM
Oct 2015

And theres sufficient loopholes to prevent that level of taxation provided the capital is spent within the US, say by expanding their business (which increases jobs).

It was a true carrot and stick taxation scheme, which built up our middle class while benefiting the 1% at the same time.

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