Give’em an inch and they’ll take it ALL.

 


Given these tax rates, why would anybody bother to do anything at all????

When the Beatles were the biggest band in the world, they were in a 95% tax bracket

Modern Income Tax

The Modern Income Tax started in 1913 at a modest 1% rate​ and that 1% tax applied only to Rockefeller types.​

By 1918  it was 77% to finance WWI which the US should never have been involved in​, the war to end all war, that ended up being the war that never ended at all​.

In the name of “fairness” President Franklin D. Roosevelt idiotically proposed a 100% tax on all incomes over $25,000.

In the wake of WWII marginal rates got as high as 94% on incomes above $200,000.

Rates have generally been falling since 1964 when the top rate was lowered to 70%.

​70%.

Gee, thanks.​

  • Oremus pro invicem

    Always Faithfully,

    Jack Begg

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    Oremus pro invicem

    In the name of God

    Amen

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