Chuck_Haunreiter
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Posted 1353328357
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#61
The Twinkie Manifesto Yet in the 1950s incomes in the top bracket faced a marginal tax rate of 91, that’s right, 91 percent, while taxes on corporate profits were twice as large, relative to national income, as in recent years. The best estimates suggest that circa 1960 the top 0.01 percent of Americans paid an effective federal tax rate of more than 70 percent, twice what they pay today.
Chuck_Haunreiter
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Chuck_Haunreiter
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Chuck_Haunreiter
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Chuck_Haunreiter
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Chuck_Haunreiter
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Chuck_Haunreiter
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Chuck_Haunreiter
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Chuck_Haunreiter
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Chuck_Haunreiter
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Posted 1363523445
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#70
Tax breaks for the rich Tax breaks work like spending. Giving a deduction for certain activities, like homeownership or retirement savings, is the same as writing a government check to subsidize those activities. Functionally, they mimic entitlements.
Chuck_Haunreiter
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Chuck_Haunreiter
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