> Barnes wrote: > Seems like the 60's is when American citizens started getting taxed way too > much. As the taxes grew, it took more income to maintain a certain > lifestyle. >
Well, there's some truth to part of what you say. I'll ignore the conclusion - which IMO is faulty - but focus on tax rates. Here's a table of year, tax rate, and marginal tax rate. You can see that Obama's tax rates will be as low as they've been since 1955, but you also see that starting in the 60s tax rates climbed until about 1981 when they started falling again to where they are now: 1955 5.64 20 1956 6.38 20 1957 6.65 20 1958 6.96 20 1959 7.49 20 1960 7.77 20 1961 7.94 20 1962 8.3 20 1963 8.68 20 1964 7.56 18 1965 7.09 17 1966 7.48 19 1967 8 19 1968 9.21 20.42 1969 9.92 20.9 1970 9.35 19.48 1971 9.27 19 1972 9.09 19 1973 9.45 19 1974 8.99 22 1975 9.62 22 1976 9.89 22 1977 10.42 22 1978 11.07 25 1979 10.84 24 1980 11.42 24 1981 11.79 23.7 1982 11.06 25 1983 10.38 23 1984 10.25 22 1985 10.34 22 1986 10.48 22 1987 8.9 15 1988 9.3 15 1989 9.36 15 1990 9.33 15 1991 9.3 15 1992 9.18 15 1993 9.18 15 1994 9.17 15 1995 9.28 15 1996 9.33 15 1997 9.32 15 1998 7.98 15 1999 7.88 15 2000 8.02 15 2001 6.71 15 2002 6.53 15 2003 5.34 15 2004 5.38 15 2005 5.69 15 2006 5.85 15 2007 5.91 1 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:295453 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
