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FakeNoose

(32,634 posts)

3. In the 1950's income taxes on the wealthy were NOT low

Reply to TeamProg (Original post)

Tue Dec 14, 2021, 02:27 PM

Dec 2021

Income taxes on the wealthy are lower than ever, debt is higher than ever.

The wealthy - we call them one-per-centers now - were in the 90% bracket then. Now they pay almost nothing in taxes. They pay lawyers and accountants lots of money to get them out of paying taxes. All in all it would have been cheaper if they just paid Uncle Sam, so go figure.

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I was put in a time capsule in 1955. Just opened up and got out last week. [View all] TeamProg Dec 2021 OP

My suggestion: go back in. ret5hd Dec 2021 #1

This message was self-deleted by its author Chin music Dec 2021 #5

Nothing I_UndergroundPanther Dec 2021 #2

Well, actually the Repubs were the liberal, big gov't party in the 1800's TeamProg Dec 2021 #6

Yes. Don't forget Senator Joe McCarthy. I guess we pretended he was an anomaly Walleye Dec 2021 #7

In the 1950's income taxes on the wealthy were NOT low FakeNoose Dec 2021 #3

We are in agreement but I think you mis-read my post. Sort of opposite world happening here. TeamProg Dec 2021 #8

OK - Well done! FakeNoose Dec 2021 #11

Republican Party sold out to the highest bidder. louis-t Dec 2021 #4

I know.. it can go on and on.. n/t TeamProg Dec 2021 #10

Most of your facts wouldn't have any relevance at all to most Americans in 1955. hedda_foil Dec 2021 #9

True, no one in 1955 could see the future of course. So, wouldn't be relevant anyway. TeamProg Dec 2021 #12

You're right, of course, and then Salk and Sabin fixed it (from a '50s point of view, of course). hedda_foil Dec 2021 #16

They knew about the Great Pandemic of 1918 Donkees Dec 2021 #13

Not so much (other than old folks) and practically ancient in the new modern world of the 1950s. hedda_foil Dec 2021 #15

Those members of my extended family who experienced the 1918 pandemic were about middle aged ... Donkees Dec 2021 #17

Sh-Boom Sh-Boom Donkees Dec 2021 #14

And how is President Eisenhower? ThoughtCriminal Dec 2021 #18

I like Ike, I also like Mike&Ikes TeamProg Dec 2021 #20

Ike won again in 1956: Rhiannon12866 Dec 2021 #19