This guy is spoiled whinny multimillionaire. Obama senior year of High School 1979 the top bracket was 70%. And in the 1950’s it was around 90%. The “Ad Man” has paid higher taxes in the past but he seems to have forgot. Look at the chart below, its a eye opener.
http://www.ntu.org/tax-basics/history-of-federal-individual-1.html
so what Orange...maybe you’re too wet behind the ears to know what the tax code allowed in deductions in those days... you can look that up if you care to have an argument that is truthful....fewer than 250 taxpayers ever paid the top rate.
The crooks in DC put in the AMT to make million dollar incomes pay something, and now hundreds of thousands of taxpayers get stuck with the calculation even with the fix...think that was an accident. It’s a crime to pay more than 25% on any income unless you like slavery. Tax the 48% that pay nothing in fed taxes so they have some skin in the game...otherwise they vote all day to raise the taxes on the successful and the folks that HIRE people and write their name on the front of the paycheck. Take your progressive tax crap and stuff it...America succeeds when people decide what to do with the fruits of real labor, not the crooked FedGov...
YMMV
If you or I did what the governments are doing, it would be called armed robbery.
Yes, but darn near *everything* was a tax deduction. 3-martini lunches, you name it. Given the lock down on business deductions that got started in the 80s and continued in the 90s, comparing tax rates between the times is apples vs oranges.
You sound like someone without children or friends. It is a natural human right to be able to give what you have earned to anyone you like whether family or friends or charity. I’m surprised that a troll like you are on Free Republic.