The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Re: Mr. President, the worst thing you've done..||Date: 1/12/2013 2:02 PM|
|Author: telegraph||Number: 666057 of 846857|
The highest marginal tax rate now is what, 35%? And with "loopholes and such" the wealthiest are still paying far less. What was the one that Mitt did disclose? 14%? "
Actually, if you look at tax collections, the 'rich' paid a signficantly less portion of the total tax take when rates were 90%.
Back in the 60s, they paid about 60% of all taxes collected.
Now, with lower tax rates, they pay about 80%of all taxes and the top 10% pay 90% of all taxes collected.
back in 1960, almost NO ONE paid zero income taxes! now, almost 50% pay no income taxes!....
YOU ARE WAY OFF BASE
The percentage of taxes paid by the rich has gone up by 50% in 50 years!
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|