My Taxes Went Down!

The Politicians, who are told what to think by the Lobbyists

 

At the federal level, who pays the lobbyists? Which ones are the most successful (Hint: income distributions over time)?

 

Well hell's bells, that makes it OK.

 

I'd like to see that compared to "effective tax rate". How much tax money was collected vs total income for the country? This would include corporate welfare.

 

Looking at my last pay stub of 2018 right now and the total taxes i paid vs my total gross income was 22.953%. Not sure what that means other than someone else has 23% of the money i made last year.

edit: Funny thing is my health ins pay check deductions total was within $300 of what i paid in taxes. I know i have good insurance but that still seems kind of steep.

 

In a middle of a world war which was not going well for us at that point, when only the portion of your income over $200K in 1944 dollars ($2.5M in today's dollars) was taxed at that rate - yes, I can imagine it.

 

With our tax dollars of course...increase the percentage so they can be in better a position!! Your fair share is when they have it all.

 

But the rate continued into the 1970's, never dipping below 70%...

 

So the 94% rate continued in to the 1970's never dipping below 70%.

I don't understand.

 

I meant the "high rate" as referenced in the link: Over the next three decades, the top federal income tax rate remained high, never dipping below 70 percent.

Basically, if you made $199,000 and your neighbor made $600,000 at that time, your take home income difference based on 30% for the first $200k and 94% for the amount above $200k would be an astounding $18,060.