We could go back to 1944
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To make this work, you have to multiply the numbers by 19 0r 20 as $1 in 1944 equals $19.03 today. Standard deduction was 10%, up to $1000. Brackets for Married Filing Jointly Income Range Tax Rate $0.00+ 23% $2,000.00+ 25% $4,000.00+ 29% $6,000.00+ 33% $8,000.00+ 37% $10,000.00+ 41% $12,000.00+ 46% $14,000.00+ 50% $16,000.00+ 53% $18,000.00+ 56% $20,000.00+ 59% $22,000.00+ 62% $26,000.00+ 65% $32,000.00+ 68% $38,000.00+ 72% $44,000.00+ 75% $50,000.00+ 78% $60,000.00+ 81% $70,000.00+ 84% $80,000.00+ 87% $90,000.00+ 90% $100,000.00+ 92% $150,000.00+ 93% $200,000.00+ 94% It starts off pretty steep. And there are no tax credits for child care, earned income credit, etc. This would certainly put a clamp on rich people, but we would have a lot of complainers at the bottom end.
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Message Thread | This response ↓
Should we have a limit on the wealth of Trillionaires like Elon Musk? - John Stossel Video - Ken C October 6, 2026, 8:55 am
- Just go back to the pre-Reagan tax rates. - 7:77 October 6, 2026, 11:07 am
- We could go back to 1944 - BornToFarm October 6, 2026, 1:16 pm
- NOT a single dollar was actually taxed at the preposterously high rates. - DFM October 8, 2026, 11:38 am
- The average Joe has virtually no tax write offs. 28% period. The tax codes are a mess.,
- GOG October 6, 2026, 7:46 pm
- High taxes helped us pay down the debt from World War II. - Ken C October 6, 2026, 2:07 pm
- We could. - 7:77 October 6, 2026, 2:04 pm
- Oppressive government IMO. 94% ?????? - Mondo Fuego™ October 6, 2026, 1:54 pm
- Exactly! The problem is not the entrepreneur spirit. - GOG October 6, 2026, 12:39 pm
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