[stephenjohnbanker]

” This document states that because we’ve cut the taxes, the wealthy are more wealthy and there isn’t 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.

[justlurking]

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.