Taxes- Paying Your Fair Share

[retro]

Nice spin there Timmy

You realize that only 5% even paid income tax back then?

And your example is bullshit

The top typical wage earner was in the financial sector. They made on average 69 cents and hour. You can do the math but that means they made under $1500 in a year

I have not looked at what you liberals call loopholes which would be write offs. But there were tons of them before. Something you liberals conveniently ignore was those most of those write offs were eliminated in exchange for the Regan and DEMOCRAT CONGRESS tax cuts.

Not to mention the fact that most states didn't have income taxes, there were no sales taxes, or any of the other nickel and dime taxes that we see today. That refers to mainly the post WWII period though.

 

[Alien Allen]

Not to mention the fact that most states didn't have income taxes, there were no sales taxes, or any of the other nickel and dime taxes that we see today. That refers to mainly the post WWII period though.

I still go back to my point though that this country could roll back spending to 2006 levels and we would not collapse. Do that for a couple extra years and it might actually make a small dent on the deficit.

Of crap I forgot. We got the health care coming at that point in time

We are fucked

 

[Minor Axis]

Nice spin there Timmy

You realize that only 5% even paid income tax back then?

If I am not mistaken no taxes were paid until you earned more than $4k

You want to guess how many that applied to??

Your example is bullshit

The top typical wage earner was in the financial sector. They made on average 69 cents and hour. You can do the math but that means they made under $1500 in a year

I have not looked at what you liberals call loopholes which would be write offs. But there were tons of them before. Something you liberals conveniently ignore was those most of those write offs were eliminated in exchange for the Regan and DEMOCRAT CONGRESS tax cuts.

Here Tim has pulled up an example where rank and file were not basically paying any taxes, (just what you are complaining about today) the rich were paying most of the taxes (only 10x worse), back in the good old days while you guys are pining to return to the good ole days. Lol. You are priceless.

 

[Alien Allen]

Here Tim has pulled up an example where rank and file were not basically paying any taxes, (just what you are complaining about today) the rich were paying most of the taxes (only 10x worse), back in the good old days while you guys are pining to return to the good ole days. Lol. You are priceless.

I understood that

You missed my point

Liberals :willy_nilly::nod:

 

[Minor Axis]

I understood that

You missed my point

Liberals :willy_nilly::nod:

You said "Your example is bullshit". That seemed to be the crux of your point.

 

[Accountable]

You won't like going back to spending and taxes of 100 years ago... wouldn't like it at all...

In 1918 the top tax rate was 77% and if you made $40,000 your tax rate was 31% and at $70,000 your rate was 46%

When you talk about lowering tax rates to what they were in the past, you are longing for the Reagan years (if you are filthy rich) But you wouldn't want to go back to the tax rates between 1917 and 1986... That's 70 years you don't want to mention

I didn't say a word about tax rates. I was talking about spending. Also, you gotta take it back to before 1912. That's when Washington first started pushing us off the track to the point we are now.

 

[Tim]

Nice spin there Timmy

You realize that only 5% even paid income tax back then?

If I am not mistaken no taxes were paid until you earned more than $4k

You want to guess how many that applied to??

Your example is bullshit

The top typical wage earner was in the financial sector. They made on average 69 cents and hour. You can do the math but that means they made under $1500 in a year

I have not looked at what you liberals call loopholes which would be write offs. But there were tons of them before. Something you liberals conveniently ignore was those most of those write offs were eliminated in exchange for the Regan and DEMOCRAT CONGRESS tax cuts.

The tax rate in 1918 was set at 6% from 0$ - $4000, then jumped up to 12% between $4000 - $5000. It went up 1% for every thousand after that.
At close to 6 figures last year, my effective tax rate was well under %6

The effective tax rate in the early 20th century was higher than today, much higher. Right now we are at the lowest effective tax rate than we have been in decades. The effective federal tax rate for middle class families is at 4.6%. The famous tax breaks that Reagan eliminated were not in place in the early 20th century, they didn't kick off until well after WWII.

 

[Accountable]

http://www.usgovernmentspending.com/year1910_0.html

Total Federal Spending in 1910: $839.9

That's just a tad over $19 billion in today's money. I can live with that.

 

[retro]

The tax rate in 1918 was set at 6% from 0$ - $4000, then jumped up to 12% between $4000 - $5000. It went up 1% for every thousand after that.
At close to 6 figures last year, my effective tax rate was well under %6

The effective tax rate in the early 20th century was higher than today, much higher. Right now we are at the lowest effective tax rate than we have been in decades. The effective federal tax rate for middle class families is at 4.6%. The famous tax breaks that Reagan eliminated were not in place in the early 20th century, they didn't kick off until well after WWII.

Have you factored property tax, sales tax, capital gains tax, and all of the other taxes that exist now that didn't then?

 

[Alien Allen]

Have you factored property tax, sales tax, capital gains tax, and all of the other taxes that exist now that didn't then?

Nah

That would be an inconvenient truth

 

[Minor Axis]

Have you factored property tax, sales tax, capital gains tax, and all of the other taxes that exist now that didn't then?

Since you brought it up, that sounds like something you should research and report back on.