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ProfessorGAC

(76,590 posts)
4. This Again?
Thu Mar 19, 2026, 12:47 PM
Yesterday

Almost nobody paid 90%. There were so many deductions & shelters.
That's why Kennedy lowered the maximum rate but amended the dodges so the effective tax rate went up.
The magical 90% thing is a canard, because so few people paid at that rate rendered it almost moot.
There were people who earned at the 90% rate, but paid more like 50%, maybe 60%.

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1 members have recommended this reply (displayed in chronological order):

No. To pay for healthcare leftstreet Yesterday #1
THIS. lastlib Yesterday #11
ding, this , we cant afford heathcare , but we can play with hi tc bang bangs..:( AllaN01Bear Yesterday #14
To pay for everything that has been taken, for every self-interested vote that harmed society MadameButterfly Yesterday #15
Tax them to pay for all the damage they have done to our country. Eat the rich! Whyisthisstillclose Yesterday #2
Corporations are doing well, Profits could be taxed. pwb Yesterday #3
This Again? ProfessorGAC Yesterday #4
Exactly. It's a faulty argument, mostly. MineralMan Yesterday #10
Thank you. There's a myth of a socialist past we must get back to: Make America Socialist Again. betsuni 16 hrs ago #17
Obvious HarborMaster Yesterday #5
The rich don't have or need income. They have get more stuff. multigraincracker Yesterday #6
It's long past time. Iggo Yesterday #7
I'm surprised that as much as some social conservatives think the 1950s and 1960s were the peak of the middle class.. biocube Yesterday #8
I love the idea that they are taxed 100% for anything over 1 Billion. Ferrets are Cool Yesterday #9
This message was self-deleted by its author PeaceWave Yesterday #12
Obscene wealth is a national security threat Fullduplexxx Yesterday #13
How Much Is Enough? 2na fisherman Yesterday #16
Why settle for 90%? justaprogressive 4 hrs ago #18
Kick for Policy that's Past-Due Kid Berwyn 3 hrs ago #19
Latest Discussions»General Discussion»It is time to tax the wea...»Reply #4