jmfcst's 9% flat or the 1960 tax code? (user search)
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May 24, 2024, 10:05:47 PM
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  jmfcst's 9% flat or the 1960 tax code? (search mode)
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Author Topic: jmfcst's 9% flat or the 1960 tax code?  (Read 3179 times)
Swing low, sweet chariot. Comin' for to carry me home.
jmfcst
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« on: October 21, 2011, 10:10:36 AM »

there were tons of loopholes back then, so no one paid those rates....the simple fact is that since 1960, the tax base has shrunk and the rich have been carrying more and more of the load....this is true even since 1986.
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Swing low, sweet chariot. Comin' for to carry me home.
jmfcst
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Posts: 18,212
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« Reply #1 on: October 21, 2011, 02:34:26 PM »

there were tons of loopholes back then, so no one paid those rates....the simple fact is that since 1960, the tax base has shrunk and the rich have been carrying more and more of the load....this is true even since 1986.

jmfcst employs counterfactuals.

care to check the facts yourself?

look up what % of the federal tax burden the top 1,5,15,50 percent paid in 1960, 1970, 1980, 1990, 2000, 2010....you'll find that the tax base has shrunk and the tax burden has steadily shifted up the income ladder.
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Swing low, sweet chariot. Comin' for to carry me home.
jmfcst
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Posts: 18,212
United States


« Reply #2 on: October 24, 2011, 11:01:49 AM »

there were tons of loopholes back then, so no one paid those rates....the simple fact is that since 1960, the tax base has shrunk and the rich have been carrying more and more of the load....this is true even since 1986.

That's not a "simple fact", I'm afraid. That's what is called "false."

what makes you think it is false?
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