Remember when Reagan cut taxes on the wealthyist? Top rate went from 70% to 28%

[FogerRox]

Thats regressive taxation, not progressive taxation.

[Newsjock]

1. How far we've fallen

Proposing a top marginal rate today of even, say, 50% on income over some ridiculous amount, say, $10 million and up, would be political suicide.

But if top marginal rates of 90%-plus were good enough for Eisenhower, and 70% was good enough for Nixon, why isn't it good enough for today's GOP?

[SharonAnn]

21. Well, he tripled the National Debt in his two years. From $1 trillion to $3 trillion.

And we'll get to pay, along with our children, their children, etc.

[Xipe Totec]

2. Can't help but notice the tax rate during the Great Depression

So much for low taxes = healthy economy.

[FogerRox]

8. I need to correct you. Thats called the Great Republican Depression

[Xipe Totec]

10. LOL! I stand corrected (nt)

[FogerRox]

18. My Parents got thru the Depression with a progressive income tax, we won WW2 with a progressive inco

The 12 million men & woman that served in the military in WW2 came home, the GI Bill sent vets to college, and they started families. This created the largest, most vigorous and the best educated middle class, in the history of the planet. Labor unions were at the zenith of their power, our eductaional institutions were the envy of the world, corporations made money, the wealthiest made money

[FogerRox]

22. Dont do it again, heres tonights rant

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=2708889&mesg_id=2708889

[southerncrone]

3. That was the Graham-Rudman Tax Bill as I recall

At the time it was tauted as a great feat of bi-partisan engineering. Phil Graham of TX (R) & Rudman of VT (D), I believe.

IMHO, this was the exact point when the middle-class took a nose-dive into a downward spiral from which it has never recovered.
And I might add, we may NOT recover unless drastic measures are taken to reverse its disastrous effects.

:cry:

[FogerRox]

7. Yes, we need immediate help.

[sadiesworld]

13. The increase in SS taxes

(used to fund government since) was another bi-partisan feat during the Reagan years.

[TahitiNut]

4. Here's MY chart. (It's better.)

In order to better comprehend - empirically - when we actually had a fairly healthy "Middle Class," all that's necessary is to look at the Gini Ratio ... when it (the blue line) was below 0.38.

[dkf]

5. Only Hispanics doing better.

Where are Asians?

[TahitiNut]

11. The CPS only broke out 'Asian' beginning in 2002.

They pretty much track "White" statistically.

http://www.census.gov/hhes/www/income/histinc/f04.html

[FogerRox]

6. Ohh, pretty

[Bozita]

9. Warren Buffett says the tax rates are bullshit. Video link...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x85079

[FogerRox]

15. Thomas Jefferson advocated for a progressive tax

my words, regressive taxation taxes the middle and working classes out of the economy. Just as importantly, the 3 pillars of the middle class are Labor rights, Education rights, and progressive taxation.

[Octafish]

12. Pruneface cut corporate profits tax from 50- to 28-percent, too.

As a result, corporations no longer accounted for the majority of federal tax revenues -- individuals do.

[FogerRox]

16. Reagan raised SS & payroll taxes from 6.25% to 15.3%.... a big hit on the working and middle classes

.

Progressive taxation is a core of small 'd" democracy

[Winterblues]

14. I think a comparrison chart of National Debt would be interesting.

:shrug:

[ihavenobias]

19. Three Republican Presidents Are Responsible For

more than 70% of the National Debt.

My first DU Rant was all about the debt, and I credit Thom Hartmann for opening my eyes to this issue!

http://journals.democraticunderground.com/ihavenobias/2

[FogerRox]

26. This is true, Carter and CLinton moved towards a balanced budget.

[WinkyDink]

17. That's CHANGE, Baby! Change! ;)

[FogerRox]

20. How much change do you need ?

[lonestarnot]

23. LOL. :

:spray::toast:

[Rex]

24. Reagan was a disaster to this country, a worthless 'leader' that hated

anyone different from him. A true piece of shit. The only good thing he ever did was die.

[FogerRox]

25. Dont hold back, tell us how you really feel? .. . . . . LOL.

More on Reagan on tonights rant

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=2708889&mesg_id=2708889

[Rex]

28. Hehe

I'd kick the corpse around like a tin can. Series.

[PsN2Wind]

27. I remember RayGun, when as governor

of California, he paid NO state income tax as he "had lost money on his cattle".

[FogerRox]

29. Ohhh.. Poh boy.