Quote:
Originally Posted by Vendzilla
Do me a favor, expand your research to the last 100 years of tax rates for the top 1% and come back and tell us how the economy fared during the low times and the high times
http://www.hyperhistory.com/online_n...epression.html
Raising the tax for the top people had no help for the economy, in fact, lowering it had a positive impact after 1963 when it got lowered from 88 to 70% |
Which is still double what it is today...and it had a reason to be that high and come down. In the last 30 years though we can look and compare the rates, they are within a small range of each other. We know that cutting it to low sky rockets the deficit and doesn't actually spark investing/corp growth when the benefit is at the person level and to high can stall personal/corp economic growth all together. Which isn't were we are at today, at all.