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Buygold @ 12:56 re I said yesterday that we should pay more taxes, that puzzled. you

Posted by Mr.Copper @ 14:27 on May 16, 2024  

No I do NOT think we should pay more taxes, most of us can’t even afford to pay taxes. What we need is an expanding US economy. What I was implying is that our entire country and all its domestic businesses needs ZERO competition from foreign socialist nations, which support their domestic businesses,

re citizens get free medical, free college, unlimited sick days, questionable currency values etc. Our citizens get none of that. If we were avoiding the exporting of our production jobs, we would be back to the 50s and 60s prosperity. I don’t know where you found 3% income taxes back then. I remember hearing about very high taxes that were very affordable with higher profits/wages etc.

I found this:
What was the income tax in the 1950s?
According to records compiled by the Tax Foundation, a single person making $16,000 in 1955 — that’s $150,000 in today’s dollars — had a marginal tax rate of 50%; compensation of $50,000 ($470,000 today) moved you into the 75% tax bracket; and an income of $200,000 ($1.9 million today) put you in the 91% tax bracket.
Year    Regular and Top Tax Rate
1945–1963 3% 91%
1964 3% 77%
1965–1981 70% 70%
1982–1986 50% 50%

I also think all combat veterans should be totally tax exempt for life.

@Buygold you are 100% right about how you described these days. re your “endless wars, fat military industrial contracts, corrupt, mismanaged projects that line the pockets of Gov’t. cronies have broken us. 90% of the gov’t jobs need to be eradicated, ridiculous regulation eliminated, and the innovation of private individuals let loose. That’s the country we had in that era, that’s why things were affordable.”

They are all symptoms of our leaders that gave away the store and joined the global commune.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.