tag:blogger.com,1999:blog-4900303239154048192.post7443273498469833173..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: There Was Neither Medicare Nor Medicaid In 1958Unknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4900303239154048192.post-28408625913670213522011-05-29T18:32:54.378-04:002011-05-29T18:32:54.378-04:00Shag -
Top bracket from 1954 to 1963 was 91%, kic...Shag -<br /><br />Top bracket from 1954 to 1963 was 91%, kicking in at $400,000.<br /><br />http://ntu.org/tax-basics/history-of-federal-individual-1.html<br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-79789769637435954452011-05-29T18:21:45.050-04:002011-05-29T18:21:45.050-04:00And they weren't fighting two overseas wars ag...And they weren't fighting two overseas wars against unknown enemies in the MidEast then (so couldn't calculate expenditures for them at all then), were they?<br /><br />It's always good to fight make-believe dragons.<br /><br />For the military hustlers.Cirzehttps://www.blogger.com/profile/07070125217972397204noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-48459862757459741042011-05-29T06:35:58.002-04:002011-05-29T06:35:58.002-04:00What were income tax brackets in 1958? Was the hi...What were income tax brackets in 1958? Was the highest bracket 70%?Shag from Brooklinehttps://www.blogger.com/profile/07312591102812315460noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-17589589072698883262011-05-28T21:22:11.238-04:002011-05-28T21:22:11.238-04:00In 1958, corporate tax revenues were over 30% of t...In 1958, corporate tax revenues were over 30% of the total. Now they're under ten.<br /><br />FICA was about 15% of the total. Now it's over 40%.<br /><br />Personal rates were highly progressive. Now, considering income + FICA, it's close to flat.<br /><br />In the days before an income tax, the government was supported by tariffs.<br /><br />There are no equivalencies.<br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.com