Very little was collected under that 70% tax rate
Post# of 122206
I think the tax cuts of 1981 and 2001 were great for the country and money began to pour into the treasury like never before. The problem was, as usual, a bunch of politicians figured out how to spend two dimes for every dime of revenue that they got their greedy paws on.
As far as 2018 goes, Biden is going to make the Trump deficits seem like the good old days.
If I'm not mistaken, wasn't it the wascally wepublcan* Kennedy that got the rates down from 91% to 70%? LOL
* Kennedy probably does look very wascally wepublicanish if compared to to the librul nutburgers in the dimmycrat party today.
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