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>The severity of the tax is what makes the story worth telling. I wouldn't call an extra 2% tax on income above $1m per year severe. US taxes have been much h
by hermitcrab 1y ago
>The severity of the tax is what makes the story worth telling.
I wouldn't call an extra 2% tax on income above $1m per year severe.
US taxes have been much higher than they are now:
https://www.wolterskluwer.com/en/expert-insights/whole-ball-of-tax-historical-income-tax-rates https://www.wolterskluwer.com/en/expert-insights/whole-ball-...
- deleted 1y ago[deleted]
- josefritzishere 1y agoYou will notice that Americas economic decline largely begins when Regan lowered the top rate in 1980, starting the tread that ends up where we are today.
- _DeadFred_ 1y agoWe never get analysis on what returns trickle down economics have given us, but tons and tons of thought and analysis on why we have to keep doing it. You'd think after 40 years there would be some numbers to work with. Instead they sell it with fear 'the rich will leave'. If there is a real economic benefit you would think they would try and sell it with the REAL benefits it has brought us these last 40 years.