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Well we did pretty well after world war 2 with really high taxes on income. I don't know how we'd get back to that, but there are huge pay offs in investing in
by lsiebert 9y ago
Well we did pretty well after world war 2 with really high taxes on income. I don't know how we'd get back to that, but there are huge pay offs in investing in things like child nutrition and headstart programs, these have been shown to reduce later criminal behavior and increase median income.
Anyway, toyko is a good place to look for how to keep house prices low. https://www.forbes.com/sites/scottbeyer/2016/08/12/tokyos-affordable-housing-strategy-build-build-build/#6a46636648d5 https://www.forbes.com/sites/scottbeyer/2016/08/12/tokyos-af...
- ameister14 9y agoWell, we'd reintroduce massive tax loopholes that allow for real tax rates to be less than they currently are - that's how we'd get back to that, because that's what we had then. We'd also cut payroll taxes back to 3% and have them apply to the first 30,000 instead of over 6% and applying to the first 106k of income. We'd also raise taxes on the poorest quintile - you know, the people that currently don't pay any, and repeal medicare taxes. That'd pretty much get us back to post ww2 taxes.
- lsiebert 9y agoGiven inflation, it seems like payroll taxes have fallen. 30k is (per https://www.dollartimes.com/inflation/inflation.php?amount=30000&year=1946 https://www.dollartimes.com/inflation/inflation.php?amount=3...) $397,964.84 dollars. I'd suggest looking at the following for a reasonably good look on the progressive tax rate, historically. http://www.teachinghistory.org/history-content/ask-a-historian/24489 http://www.teachinghistory.org/history-content/ask-a-histori...