In 1932 the top marginal tax rate was increased to 63% during the Great Depression and steadily increased, reaching 94% (on all income over $200,000) in 1945. Top marginal tax rates stayed near or above 90% until 1964 when the top marginal tax rate was lowered to 70%. The top marginal tax rate was lowered to 50% in 1982 and eventually to 28% in 1988.
And of course it was easier to subvert as the world has only become smaller since then. Innovation, Evasion, Loopholes, growth and changes over time have resulted in a much more complicated tax system the fact is taxes were higher and will be again....
Check out the history of US taxes on Wikapedia if you want to know more....
Tuesday, March 23, 2010
The Federal Reserve and its insurmountable expansion over the last three years
http://www.federalreserve.gov/boarddocs/rptcongress/annual08/sec6/c3.htm
The above link connects to the Feds anual report for last year There is a ton of information straight from the horses mouth about what the Fed is up to and where money is being loaned to some extent in addition to information on how much debt the fed has taken on from 2007-2008 .... If you have questions about the facts ask ask ask but do some research you may be surprised what you learn I was....
The above link connects to the Feds anual report for last year There is a ton of information straight from the horses mouth about what the Fed is up to and where money is being loaned to some extent in addition to information on how much debt the fed has taken on from 2007-2008 .... If you have questions about the facts ask ask ask but do some research you may be surprised what you learn I was....
Monday, March 22, 2010
Medicare Medicade and The Overhaul of Healthcare in America Obamas ideals and whole first year in question every action in one basket
25 percent of all Americans are covered by Medicare and Medicade per GAO's statistics... I would note in many cases these are the most expensive to care for as they are those who are disabled, elderly or unable to maintain a reasonable standard of living on their own. It was much easier on the Brits initially Churchill took over the healthcare system... See More during the war as many fled to the country from the cities and their was no one to care for them.
Healthcare solutions do not come all at once its like pulling off a band-aide slowly as the system has to change to improve efficiency etc. But hey look where we are today look at how many people are out of work and between jobs initially there were only about 10 million legal citizens who were uninsured.. the Democrats bought off a number of states including at least one paid for life through the federal government which is clearly unconstitutional bringing up the state of the union address which is why our president love him or hate him called out the Supreme court for overruling an unconstitutional law.
Healthcare solutions do not come all at once its like pulling off a band-aide slowly as the system has to change to improve efficiency etc. But hey look where we are today look at how many people are out of work and between jobs initially there were only about 10 million legal citizens who were uninsured.. the Democrats bought off a number of states including at least one paid for life through the federal government which is clearly unconstitutional bringing up the state of the union address which is why our president love him or hate him called out the Supreme court for overruling an unconstitutional law.
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