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Author: CCinOC Big funky green star, 20000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 744666  
Subject: Re: I don't always agree with Penn Date: 2/14/2014 2:08 PM
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Those subject to that tax rate may not have liked it, but of course they consented to it.

Nobody ever paid 90%, there were so many tax loopholes that they would have had to have been brain dead to pay anything close to 90% (and the brain dead don't tend to become top earners). They still paid far too much (IMHO) but it wasn't anywhere close to 90%. It was all a sham.

Exactomundo. That rate was posted, so to speak, so that libruls would THINK that the government actually confiscated 90% of high earning indivividuals' income.
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