AgeOfEnlightenmentSCP
Distinguished Associate
Joined: Dec 21, 2010 11:59:07 GMT -5
Posts: 31,709
Favorite Drink: Sweetwater 420
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Post by AgeOfEnlightenmentSCP on Apr 4, 2011 14:02:50 GMT -5
That's a quote from JFK; however, at the time he said that the top marginal tax rate was 90%. Today, it's 35%. Big difference. Yes, and a rising tide DID lift all boats.
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fairlycrazy23
Senior Member
Joined: Dec 27, 2010 23:55:19 GMT -5
Posts: 3,306
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Post by fairlycrazy23 on Apr 4, 2011 14:06:14 GMT -5
It is difficult to compare today's top marginal rates with the rates in the 50's, do to the large number of deductions available back then. Plus the world was vastly different back then.
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