@slotplayer 156994 wrote:
Its inflation that’s the problem. US income taxes are the lowest they’ve ever been plus there are a lot more deductions. Bush, Reagan and Kennedy lowered taxes considerable.
2008 tax rate on $50K – 15%, on $200K – 33%
1981 tax rate on $50K – 49%, on $200K – 70%
1961 tax rate on $50K – 59%, on $200K – 87%Before the Reagan tax cuts the tax rate on $400k was 91% today its 35%
Where did you possibly find these #’s