You realize the rate was never really used? The amount of deductions were much greater back then. In effect you’d be giving them a huge tax cut.
You realize the rate was never really used? The amount of deductions were much greater back then. In effect you’d be giving them a huge tax cut.
IHadTwoCows@lemm.ee 9 months ago
Yes, but the tax cuts were conditional upon actually contributing to society in providing jobs. That was the entire point. It is a much better system than letting someone amass an ord as much wealth as possible without contributing anything to to the society that gives them the freedom to do so. They wanted tax cuts they had to earn them. They weren’t just freely given and guaranteed in exchange for a pac donation. The system that we have now that conservatives keep defending is called corruption in any other Nation.
wintermute_oregon@lemm.ee 9 months ago
www.usatoday.com/story/news/…/9588111002/
IHadTwoCows@lemm.ee 9 months ago
So then you agree that corporate taxes are too low and need to be raised back to Eisenhower levels.
wintermute_oregon@lemm.ee 9 months ago
No. We’d collect less money. We have one of the highest rates in the world.
intensely_human@lemm.ee 9 months ago
I think stories should be linked as bibliography for content in comments.
That comment would be better with a link and the relevant thesis either quoted or articulated by you.