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The Lowest Top Tax Rate Since 1915 - Congratulations Are in Order

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MannyGoldstein Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 07:44 PM
Original message
The Lowest Top Tax Rate Since 1915 - Congratulations Are in Order
Edited on Tue Jul-19-11 08:06 PM by MannyGoldstein
Today's bipartisan proposal calls for the lowest top tax rate in almost a century. That, truly, is change.

Here's the chart: http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=213

I love looking at that chart: as the top tax rate has gone down, America's economy has done better. Or, exactly the opposite but, whatever: we can all agree that taxes and America's economy seem to have something to do with each other? Kumbaya!

Congratulations to Pete Peterson, the Koch Brothers, and the rest whose bribes wise leadership made this moment possible. We are on the precipice of a historic clusterfuck victory.

Excelsior!
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fascisthunter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 07:45 PM
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1. the BS is very hard to ignore
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ProfessorPlum Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 08:04 PM
Response to Original message
2. I'd like to see the chart, please!
Great work, Manny. This manufactured "crisis" and the stinking "rescue" are just too transparent.
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MannyGoldstein Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 08:07 PM
Response to Reply #2
3. Oooooops! Added it!
Thanks for the heads up.
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cbdo2007 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-19-11 08:50 PM
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4. Actually, most Billionaires DO NOT pay 35%......
like Warren Buffet only pays 17% because his income is actually long term capital gains.

We need to make the long term capital gains match the regular tax rate for people, then 35% would probably be sufficient.
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