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Of course, the supple side argument about JFK
Posted on: November 15, 2017 at 09:59:01 CT
MrBlueSky MU
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you're a dunce. The top marginal rate in 1962 was 91%. JFK wanted to bring it down to a more reasonable 65%. Do you advocate returning the highest bracket to that?
"The top marginal tax rate was 91 percent, which JFK wanted reduced to a "more sensible" 65 percent. Compare that with today's 35 percent top rate, and ask: If supply-siders are so enamored of JFK's tax policies, would they advocate a return to a "more sensible" 65 percent top rate? Applying Kennedy's tax talk to the current structure, JFK biographer Robert Dallek says, is like comparing "apples and watermelons."
Oh and corporate taxes were at 52% in 1962 and he brought them down to 47%. We should return to these "reasonable" levels, right?
Edited by MrBlueSky at 10:01:39 on 11/15/17
"The top marginal tax rate was 91 percent, which JFK wanted reduced to a "more sensible" 65 percent. Compare that with today's 35 percent top rate, and ask: If supply-siders are so enamored of JFK's tax policies, would they advocate a return to a "more sensible" 65 percent top rate? Applying Kennedy's tax talk to the current structure, JFK biographer Robert Dallek says, is like comparing "apples and watermelons."
Oh and corporate taxes were at 52% in 1962 and he brought them down to 47%. We should return to these "reasonable" levels, right?
Edited by MrBlueSky at 10:01:39 on 11/15/17
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Of course, the supple side argument about JFK - MrBlueSky MU - 11/15 09:59:01