XPost: alt.fan.rush-limbaugh, alt.law-enforcement, alt.prisons   
   XPost: alt.revisionism   
   From: LiberalismIsADisease@Leftwing-Cowards.net   
      
   On Fri, 14 Nov 2014 21:20:35 -0500, BeamMeUpScotty   
      
   wrote:   
      
   >On 11/14/2014 6:47 PM, Bret Cahill wrote:   
   >>>> Taxes were high back in the 1950s because people understood that   
   constraining wild extremes of wealth would make our country stronger and   
   prevent another depression. (Well, what did those old fogies know?)   
   >>>>   
   >>>   
   >>> It also makes it less free and less constitutional.   
   >>   
   >> NSA wasn't spying on wing bats like you back then.   
   >>   
   >>   
   >They were hunting communists like my taxes were paying them to do.   
   >   
   >NOW the government is run by a communist that's using my taxes to spy on me.   
   >   
   >They steal the tax money and launder it into the black hole of   
   >intelligence agencies and they use it to spy on me so I pay to spy on   
   >myself, how twisted is that....?   
   >   
   >Only a fucking Marxist like Obama would come up with that one.   
      
   Cahill is so desperate that they're using a long debunked bullshit   
   argument.   
   Yes, the marginal rates in the 50s and 60s were much higher but during   
   that era you could deduct ALL interest paid, regardless of whether it   
   was a mortgage or a car loan or a personal loan.  In the 60s the   
   interest paid on credit cards was deductible.  Individuals were also   
   allowed depreciation deductions on anything they owned that could   
   depreciate in value from autos to furniture.   
   By the time wealthy individuals took advantage of the very loose rules   
   regarding deductions and exemptions they typically paid a real tax   
   rate of around 10%.   
   The wealthy actually ended up paying more in taxes after the large   
   rate decreases due to tighter restrictions on deductibles and   
   exemptions being part of such decreases.   
   When Kennedy reduced the top marginal rate along with the rest the   
   government saw a net increase in tax revenues.  A part of history that   
   Cahill and the rest just despise being reminded of.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)