10-09-2011, 11:44 PM
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#129
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RS.net, where our google ads make absolutely no sense!
Join Date: Oct 2003
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Quote:
Originally Posted by azndude69
Since 1950, the lowest unemployment rate was in 1953, when it was at 2.5%, and personal tax rates back then was 91% for anyone making more than $200,000.
$200,000.00 in 1953 is $1,641,790.26 in 2011. Thus, anyone making $1.6 million would be taxed marginally at 91%. Tax rates were high back then, and it didnt stop people from making more money.
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Is that number right? Sounds a bit insane. Why would I bother trying to make $300K instead of 200K if in the end all I get is 9K more?
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