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To: ifinnegan

Yeah when loopholes were abundant and those rates were never paid.


9 posted on 01/06/2019 7:21:01 PM PST by CommieCutter ("Trump is god emperor and he will win." -- some hacker)
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To: CommieCutter

And it was only paid on the bit of income over the threshold.

Crazy libs think “rich people” used to pay 90% of their income in taxes.


15 posted on 01/06/2019 7:29:43 PM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: CommieCutter

Exactly. No one ever paid 90%.

There were loopholes, write offs, and all kinds of ways around those absurd tax rates. There was also income averaging and tax breaks galore.


43 posted on 01/06/2019 8:30:31 PM PST by july4thfreedomfoundation (President Trump is right! The media IS the enemy of the people!)
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