Notice the steady decline in federal marginal tax rates in the United States. Look at in 1913, then 1950 and 2009. Amazing isn't it? The first big cut for incomes over $200 000 was in 1964 under Kennedy when it went from 91% to 77 % and then 70% one year later.
I'm not sure if further tax cuts (or increases) are the answer to what ails the U.S. economy since they seem to be at their historic lows. Maybe the problem is elsewhere.
0 comments:
Post a Comment
Anonymous comments as well as those laced with ad hominen attacks will be deleted.