Gary Janosz
Oct 8, 2024

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During the fifty years following WWII the top marginal tax bracket never fell below 70 percent (now it's 37 percent). During that 50 year period we had a robust economy, a vibrant middle class, we were paying down the national debt accumulated from WWII and inequality was not a thing we worried about.

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https://taxpolicycenter.org/statistics/historical-highest-marginal-income-tax-rates

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Then came Reagan and the tax cutters with their trickle down nonsense and profits flooded to the top income brackets.

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The wealthy also get a built in tax break on social security, they stop paying into the program when they reach the lofty income of $168,500.

Why does anyone need a 6.2 percent tax break on income OVER $168,500??????

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Gary Janosz

Finding the humor in a world of frustration. Always learning, usually the hard way.