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peacetrain's Journal
Posted by peacetrain in General Discussion: Presidency
Mon Nov 08th 2010, 10:06 AM
Seriously..I am joining you.. walking in Lockstep with you.. I am not kidding a bit. I know you lurk in here.. and I am joining you.. You were right.. I was wrong.. and we should return to the 1950 tax rates..

I know.. it was much lower unemployment.. One parent could stay home with the kids, because the family could be supported by one parent.. you are right.. I am right there.. I have been convinced


Tax Comparison: Obama vs Reagan, Nixon, Eisenhower
March 13, 2009 03:33 PM EDT
-------------------------------------------------------------------------------------------------

I received this chart, from The Washington Monthly, in an email this morning. I thought I would pass it along in case you have not seen it.

The media has been obsessing about President Obama's plan to roll back the Bush tax cuts for the wealthiest Americans—from 35% to 39.6%.

But I was surprised to learn that the tax rate the wealthiest Americans paid on the top portion of their earnings at the end of Ronald Reagan's first term was much higher -- 50%.

Under Richard Nixon it was 70%, and under Dwight Eisenhower it was actually 91%.
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