kgrant Wrote:
Nov 07, 2012 6:37 PM
Oh yes? And what is that 59% of all income taxes as a percentage of the income 'earned' by the wealthy? 10% perhaps? It's certainly a significantly lower rate than you pay. So in other words we have people who are the least able to bear high rates of income tax paying higher rates than those who are most able to pay. As I mentioned in an earlier comment, taxes on the wealthy are now significantly lower then they were when Reagan was President. As for the 1800's, if you think it would have been nice to live under the conditions of those times you are having yourself on.