IIRC, that rate started AFTER the first 200k.
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Marginal rate...and I think the beginning rate was about 14% then. That could even drop lower - that is, the lower brackets set so that lower-income working people would be much less likely to struggle to keep their heads above water even though they work full time.
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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
- IIRC, that rate started AFTER the first 200k. - 7:77 October 6, 2026, 2:09 pm
- Exactly! The problem is not the entrepreneur spirit. - GOG October 6, 2026, 12:39 pm
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