To: woweeitsme; justlurking
” This document states that because weve cut the taxes, the wealthy are more wealthy and there isnt a substantial change in savings/investment.”
Nobody ever paid 90% in taxes. Back then, you could deduct almost everything as an “expense”....right down to your clothing as a “uniform expense”.
Just one example. The rest makes no sense whatsoever.
posted on 09/17/2012 3:02:23 PM PDT
(God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
Nobody ever paid 90% in taxes. Back then, you could deduct almost everything as an expense....right down to your clothing as a uniform expense.
Keep reading -- they do make the distinction between marginal tax rates and average tax rates.
I think there are other flaws, but they at least got that one right.
posted on 09/17/2012 3:10:24 PM PDT
(The only remedy for a bad guy with a gun is a good WOMAN (Sgt. Kimberly Munley) with a gun)
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