Quote:
Originally Posted by crockett
Umm you should go back and research what taxes on the rich were over the last 100 years. Taxes for the rich right now are at an all time low. It used to be as high as 76% in the 20's if you made a million bucks or more. It was 71% if you made between $300k to 900k.
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Let's see...how many "millionaires" were there back then?
"Number of millionaires in America at time of stock market peak in 1929: 25,000- 35,000
Number of millionaires in America at time of stock market bottom in 1932: 5,000"
And then let's further use our BRAINS to think about that: No internet, no real way for the federal govt. to find all of your assets, much less regulations and tax laws.
Just using common sense...I'd say that not even ONE "millionaire" EVER paid 76% back in those days.
And since Federal Income tax wasn't even constitutional (in other words, it didn't exist) until Congress made it so in 1913...
And also...even though the IRS has it's "origins" in 1862 when the federal govt. desperately needed money, it didn't really become "the IRS" and actually exist full time until 1918.
It's big job at first was going after alcohol during prohibition.
In other words...the govt. was not the huge RULING monster that it is now. It served the people and didn't have the power or the authority to chase people's money all over the world like it does now.
Common sense...something we should all use when reading statistics.
5,000 millionaires in the entire United States in 1932. And you think that they paid out 76% of their money to the govt.? Laughs-out-motherfucking-loud!
They wouldn't be "millionaires" for very long doing that, now would they have been?
It's like the "Drug War". Just because the govt. COMMANDS and RULES over you...doesn't mean that people actually DO it.