Re: [MBZ] Tolulope Rahman Salam and Ibrahim Shehu
> On April 16, 2019 at 6:49 PM archer75--- via Mercedes > wrote: > > > Back in the late '40s a wealthy man told me he was unhappy about spending the > winter in Florida (his wife loved it) but he might as well because he only > made six cents on the dollar if he stayed and worked in New York; Wall Street > I seem to remember. Do you know what the tax rate for the wealthy was then? In 1944, the top rate peaked at 94 percent on taxable income over $200,000 ($2.5 million in today’s dollars3). That’s a high tax rate. We've got a list member on Banned who wants to see it come back. If there was state and city income tax on top of it, I wonder if it was possible to owe more than 100% marginal rate? I have no idea how old NYS and NYC income tax is. https://bradfordtaxinstitute.com/Free_Resources/Federal-Income-Tax-Rates.aspx Mitch. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Tolulope Rahman Salam and Ibrahim Shehu
IIRC, the max tax rate when Eisenhower was president was just over 90% - so it could have been 94% - but only over a certain amount - no idea what that was. On Tue, Apr 16, 2019 at 5:50 PM archer75--- via Mercedes < mercedes@okiebenz.com> wrote: > Back in the late '40s a wealthy man told me he was unhappy about spending > the winter in Florida (his wife loved it) but he might as well because he > only made six cents on the dollar if he stayed and worked in New York; Wall > Street I seem to remember. Do you know what the tax rate for the wealthy > was then? > Gerry > > > Mitch Haley wrote: > > Once upon a time, we didn't have income taxes. > > We ran the entire government on import tariffs, such as our friends > importing 'junk' luxury care are accused of evading. > > Then in 1913, we decided to Tax The Rich. > > Those with incomes over 500k (in 1913 dollars) had to pay income tax. > > The bottom tax bracket was 1%, the highest was 7%. > > But the tax camel's nose was in the tent. > > In 1916, the Revenue Act doubled taxes, now the tax rates were 2-15%. > > So 1917's federal budget was nearly as much as the country spent in > total from 1791-1916. > > In October 1917, the War Revenue Act not only drastically raised taxes, > it slashed exemptions from 500k to 40k. Tax rates jumped from 2-15% to > 16-67%. Yep, if you made more than 1.5Million, you faced a confiscatory tax > rate of 67%, up from 0% just five years earlier. > > > > > https://www.history.com/this-day-in-history/war-revenue-act-passed-in-u-s > > > > ___ > > http://www.okiebenz.com > > > > To search list archives http://www.okiebenz.com/archive/ > > > > To Unsubscribe or change delivery options go to: > > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > > > -- > arche...@embarqmail.com > > --- > This email has been checked for viruses by AVG. > https://www.avg.com > > > ___ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > -- OK Don *“Travel is fatal to prejudice, bigotry and narrow-mindedness, and many of our people need it sorely on these accounts.”* – Mark Twain "There are three kinds of men: The ones that learns by reading. The few who learn by observation. The rest of them have to pee on the electric fence for themselves." WILL ROGERS, *The Manly Wisdom of Will Rogers* 2013 F150, 18 mpg 2017 Subaru Legacy, 30 mpg 1957 C182A, 12 mpg - but at 150 mph! ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Tolulope Rahman Salam and Ibrahim Shehu
Back in the late '40s a wealthy man told me he was unhappy about spending the winter in Florida (his wife loved it) but he might as well because he only made six cents on the dollar if he stayed and worked in New York; Wall Street I seem to remember. Do you know what the tax rate for the wealthy was then? Gerry Mitch Haley wrote: > Once upon a time, we didn't have income taxes. > We ran the entire government on import tariffs, such as our friends importing > 'junk' luxury care are accused of evading. > Then in 1913, we decided to Tax The Rich. > Those with incomes over 500k (in 1913 dollars) had to pay income tax. > The bottom tax bracket was 1%, the highest was 7%. > But the tax camel's nose was in the tent. > In 1916, the Revenue Act doubled taxes, now the tax rates were 2-15%. > So 1917's federal budget was nearly as much as the country spent in total > from 1791-1916. > In October 1917, the War Revenue Act not only drastically raised taxes, it > slashed exemptions from 500k to 40k. Tax rates jumped from 2-15% to 16-67%. > Yep, if you made more than 1.5Million, you faced a confiscatory tax rate of > 67%, up from 0% just five years earlier. > > https://www.history.com/this-day-in-history/war-revenue-act-passed-in-u-s > > ___ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > -- arche...@embarqmail.com --- This email has been checked for viruses by AVG. https://www.avg.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Tolulope Rahman Salam and Ibrahim Shehu
When I left NJ to go on active duty in 1969 they had great public schools and no income tax. Now it seems the reverse and I haven't been back in 35 years. > -Original Message- > From: Mercedes [mailto:mercedes-boun...@okiebenz.com] On Behalf Of > Mitch Haley via Mercedes > Sent: Tuesday, April 16, 2019 8:23 AM > To: Mercedes Discussion List > Cc: Mitch Haley > Subject: Re: [MBZ] Tolulope Rahman Salam and Ibrahim Shehu > > Once upon a time, we didn't have income taxes. > We ran the entire government on import tariffs, such as our friends importing > 'junk' luxury care are accused of evading. > > Then in 1913, we decided to Tax The Rich. > Those with incomes over 500k (in 1913 dollars) had to pay income tax. > The bottom tax bracket was 1%, the highest was 7%. > But the tax camel's nose was in the tent. > In 1916, the Revenue Act doubled taxes, now the tax rates were 2-15%. > So 1917's federal budget was nearly as much as the country spent in total from > 1791-1916. > In October 1917, the War Revenue Act not only drastically raised taxes, it > slashed exemptions from 500k to 40k. Tax rates jumped from 2-15% to 16- > 67%. Yep, if you made more than 1.5Million, you faced a confiscatory tax rate > of 67%, up from 0% just five years earlier. > > https://www.history.com/this-day-in-history/war-revenue-act-passed-in-u-s > > ___ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Tolulope Rahman Salam and Ibrahim Shehu
I know I am...Rick From: mercedes@okiebenz.com Sent: April 16, 2019 11:10 AM To: mercedes@okiebenz.com Reply-to: mercedes@okiebenz.com Cc: maontin@gmail.com Subject: Re: [MBZ] Tolulope Rahman Salam and Ibrahim Shehu Mitch wrote: > Then ... we decided to Tax The Rich. WE **MUST** be rick?? tin ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Tolulope Rahman Salam and Ibrahim Shehu
Mitch wrote: > Then ... we decided to Tax The Rich. WE **MUST** be The Rich?? tin ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Tolulope Rahman Salam and Ibrahim Shehu
Mitch wrote: > Then ...Tax The Rich. WE **MUST** RICH ?? tin ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Tolulope Rahman Salam and Ibrahim Shehu
Mitch wrote: > Then ... we decided to Tax The Rich. WE **MUST** be rick?? tin ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Tolulope Rahman Salam and Ibrahim Shehu
Oh, it wasn't US tariffs we caught them dodging, it was Nigerian tariffs. I'm not sure why we're spending our money prosecuting that, wouldn't it have been easier to just tell Nigeria what they were doing and let the Nigerians prosecute it? Mitch. > On April 16, 2019 at 6:55 AM Buggered Benzmail via Mercedes > wrote: > > > The men — Tolulope Rahman Salam and Ibrahim Shehu — allegedly claimed to be > shipping old and damaged cars from the Port of Charleston when, in fact, they > were exporting a pair of Mercedes sedans, a BMW X5 SUV and a Bentley > > https://www.postandcourier.com/business/trump-s-trade-war-prompts-greater-enforcement-of-charleston-export/article_bc47b646-5c71-11e9-be54-8fcb7703a5d9.html ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Tolulope Rahman Salam and Ibrahim Shehu
Once upon a time, we didn't have income taxes. We ran the entire government on import tariffs, such as our friends importing 'junk' luxury care are accused of evading. Then in 1913, we decided to Tax The Rich. Those with incomes over 500k (in 1913 dollars) had to pay income tax. The bottom tax bracket was 1%, the highest was 7%. But the tax camel's nose was in the tent. In 1916, the Revenue Act doubled taxes, now the tax rates were 2-15%. So 1917's federal budget was nearly as much as the country spent in total from 1791-1916. In October 1917, the War Revenue Act not only drastically raised taxes, it slashed exemptions from 500k to 40k. Tax rates jumped from 2-15% to 16-67%. Yep, if you made more than 1.5Million, you faced a confiscatory tax rate of 67%, up from 0% just five years earlier. https://www.history.com/this-day-in-history/war-revenue-act-passed-in-u-s ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
[MBZ] Tolulope Rahman Salam and Ibrahim Shehu
The men — Tolulope Rahman Salam and Ibrahim Shehu — allegedly claimed to be shipping old and damaged cars from the Port of Charleston when, in fact, they were exporting a pair of Mercedes sedans, a BMW X5 SUV and a Bentley https://www.postandcourier.com/business/trump-s-trade-war-prompts-greater-enforcement-of-charleston-export/article_bc47b646-5c71-11e9-be54-8fcb7703a5d9.html --FT Sent from iPhone --R Sent from iPhone ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
