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Hear This Guy Out!!

We should all listen to this guy

submitted by: jono142
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Hits: 3607 | Favorites: 1 | Emailed: 0 | Rating: 3.3 | Category: News & Politics | Date: 01/03/2014
 
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More Comments >

OldOllie
Male, 60-69, Midwest US
 15860 Posts
Sunday, January 5, 2014 12:46:46 PM
Smaggy, those are EFFECTIVE rates after deductions. Rich people arranged their affairs to minimize their tax liability. It should be noted that these arrangements were NEVER conducive to creating jobs or improving the GDP, which explains why unemployment was so high under Carter when the top marginal rate was 70% and why it dropped so much when Reagan reduced it to 28%.

The TOP MARGINAL RATES , i.e., the rate you pay on the last dollar earned, were always MUCH higher than the rates you posted, and THOSE are the rates that f*** up the economy and kill jobs.

SmagBoy1
Male, 40-49, Southern US
 4243 Posts
Sunday, January 5, 2014 3:22:46 AM
Here you go, OldOllie. I thought I posted this in my earlier post.

OldOllie
Male, 60-69, Midwest US
 15860 Posts
Saturday, January 4, 2014 10:26:16 AM
@SmagBoy1 My personal income has nothing to do with the fact that you were simply wrong about income tax rates.

Taking more money away from people who have proven that they know what to do with it and giving it to people who have proven that they don't has never produced a good result.

12chars
Male, 18-29, Eastern US
 265 Posts
Saturday, January 4, 2014 9:00:07 AM
Gerry if spelling naziz are a$$holes, what does that make you?



LordJim
Male, 50-59, Europe
 5384 Posts
Saturday, January 4, 2014 7:52:01 AM
This guy is a comedy character. Even UKIP ditched him as too much of a buffoon.

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