The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: OT ~ Charley Reese's final column ~Long||Date: 6/24/2011 5:51 PM|
|Author: Bob78164||Number: 113580 of 125454|
stockmover quotes (in part):
Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world.
We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids.
If the Orlando Sentinel saw fit to publish this, it owes its readers an apology. It is simply false that there was no national debt 100 years ago. In fact, the United States has owed a national debt since the country was founded, though it came quite close to paying off the debt before the Civil War.
And of course, it's well known that current tax rates are at historic lows. --Bob
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