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Originally Posted by Ustwo
The wealthy pay more taxes than ever right now, and those 'tax cuts for the wealthy' gave me a full tax break when I was making a grand total of 50k a year with my wife combined.
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Originally Posted by shakran
When was that? I'm looking for a year here.
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Tax rates for the wealthy have been falling since 1945
http://www.tax.org/thp/Articles/taxjustice.htm
Until World War II, only the rich paid income taxes. Lawmakers had traditionally confined the tax to the upper strata of American society, but wartime mobilization prompted change. Policymakers broadened the base, increasing the number of taxpayers tenfold between 1939 and 1945. They also established a highly progressive rate structure, with rates reaching 94 percent for the richest taxpayers.
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Last edited by alpha phi; 02-01-2006 at 04:43 AM..
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