It is also interesting to see what the scumbags have done by deceiving the public with a "small" income tax.
1862-1872:
Tax rate starts at 3%, goes to a high of 10%, and back down again.
1872-1912:
0% (no income tax at all, except for a 2% tax in 1894, which doesn't count because it was ruled unconstitutional.
*NOTE: The USA became the MOST PROSPEROUS ECONOMY IN WORLD HISTORY during this time of ZERO INCOME TAXES AND NO CENTRAL BANK.
1913-1915:
Tax brackets 1%-7%.
Not so bad, eh?
1916:
2%-16% (gearing up for war)
1917:
2%-67%
WAR! WAR! WAR!
The "small income tax" is now a monster, out of control.
War is what the constitutional provision of APPORTIONMENT is for.
There is NEVER a need for an income tax, not even during wartime.
1918:
Top bracket goes to 77%.
1919-1921:
Top bracket at 73%.
1922-1923:
President Harding (who the mainstream "economists" universally hate,) started pushing for less government and lower taxes.
Top brakets 58%, then 46%.
1924-1931:
Top bracket 25%.
BOOM! The Roaring 20's begins!
This followed a depression in 1920-21, in which Harding refused high government spending. Many statistics indicate the economy was worse than the Great Depression, but it only lasted less than 2 years because there was an adult in the White House, and not a communist child.
Stock market started taking off in 1924, when talk of lower taxes and regulations were in the air.
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
1932-1935:
Top bracket of 63%.
There's a new sheriff in town, his name is FDR, and he wants to steal not only your gold, but all your money.
Enter: The beginning of the Great Depression.
1936-1940:
Oh, you liked 63% as your top bracket AND an 8-year long Great Depression to boot? Let's try 79% top tax bracket!
1941:
Top bracket of 81%.
WAR!
1942-1943:
Top bracket of 88%.
Moar WAR!
1944-1945:
Top bracket 94%.
Moar moar moar!!! WAR WAR WAR!!!
1946-1963:
Top bracket of 91%, with a bonus o 92% in 1952-53.
I guess the buck stopped on Harry's desk because he wanted all that money for himself.
And ... I don't like Ike.
And ... JFK talked a good game, but came up empty on this one.
It was actually "Guns AND Butter, welfare state, AND massive immigration" Lyndon Johnson who got the tax rates down from absolute armed robbery to merely screw you if you don't like it levels.
1964:
Top bracket 77%.
1965-1981:
Top bracket: 70%.
1982-1986:
Top bracket of 50%.
President Reagan resets the tax tables.
1987:
Top bracket of 38.5%.
Resets again -- never mind that they ALSO took away almost all "tax shelters" that allowed rich people to not usually pay those super high tax rates.
This created a massive real estate crash, starting in 1989.
1988-1990:
Top bracket 28%.
Completing Reagan's reset, and the beginning of the crash.
1991-1992:
Top bracket 31%.
George H. W. Bush (aka Criminal Bush) said, "Read my lips: no new taxes."
Cool, except that his lips were lying. That was almost always the case whenever his lips were moving.
1993-2000:
Top bracket 39.6%.
The Clintons have always loved HIGHER taxes, not lower.
2001:
Top bracket 39.1%.
Whoo hoo! Yay, Georgie, Jr. A massive drop of 0.5% in the top bracket!
Compassionate conservative! (aka Fake Conservative)
2002:
Top bracket 38.6%.
Wow! ANOTHER 0.5% absoute SMASHING DOWN of those tax rates!
2003-2012:
Top bracket 35%.
2013-2017:
Top bracket 39.6%.
Obama said, "Not so fast! We got some fundamental changin' to do here!"
2018-2021:
Top bracket 37%.
So much for Trump's "great tax cuts," huh?
But on the corporate side ... not really.
BIG corporations dropped from 34% to 21% ... BUT had some tax breaks eliminated.
SMALL corporations (mom and pop) went UP from 15% to 21%.
Don't worship the dude.
IF he and Q team get this corruption flattened, and all the other hopium comes to pass, THEN you can lick his boots.
But not until he PROVES it with his PAST actions (yet to be determined).
2022-2024:
Top bracket 37%.
FJB, regardless.
https://taxfoundation.org/data/all/federal/historical-income-tax-rates-brackets/
It is also interesting to see what the scumbags have done by deceiving the public with a "small" income tax.
1862-1872:
Tax rate starts at 3%, goes to a high of 10%, and back down again.
1872-1912:
0% (no income tax at all, except for a 2% tax in 1894, which doesn't count because it was ruled unconstitutional.
1913-1915:
Tax brackets 1%-7%.
Not so bad, eh?
1916:
2%-16% (gearing up for war)
1917:
2%-67%
WAR! WAR! WAR!
The "small income tax" is now a monster, out of control.
War is what the constitutional provision of APPORTIONMENT is for.
There is NEVER a need for an income tax, not even during wartime.
1918:
Top bracket goes to 77%.
1919-1921:
Top bracket at 73%.
1922-1923:
President Harding (who the mainstream "economists" universally hate,) started pushing for less government and lower taxes.
Top brakets 58%, then 46%.
1924-1931:
Top bracket 25%.
BOOM! The Roaring 20's begins!
This followed a depression in 1920-21, in which Harding refused high government spending. Many statistics indicate the economy was worse than the Great Depression, but it only lasted less than 2 years because there was an adult in the White House, and not a communist child.
Stock market started taking off in 1924, when talk of lower taxes and regulations were in the air.
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
1932-1935:
Top bracket of 63%.
There's a new sheriff in town, his name is FDR, and he wants to steal not only your gold, but all your money.
Enter: The beginning of the Great Depression.
1936-1940:
Oh, you liked 63% as your top bracket AND an 8-year long Great Depression to boot? Let's try 79% top tax bracket!
1941:
Top bracket of 81%.
WAR!
1942-1943:
Top bracket of 88%.
Moar WAR!
1944-1945:
Top bracket 94%.
Moar moar moar!!! WAR WAR WAR!!!
1946-1963:
Top bracket of 91%, with a bonus o 92% in 1952-53.
I guess the buck stopped on Harry's desk because he wanted all that money for himself.
And ... I don't like Ike.
And ... JFK talked a good game, but came up empty on this one.
It was actually "Guns AND Butter, welfare state, AND massive immigration" Lyndon Johnson who got the tax rates down from absolute armed robbery to merely screw you if you don't like it levels.
1964:
Top bracket 77%.
1965-1981:
Top bracket: 70%.
1982-1986:
Top bracket of 50%.
President Reagan resets the tax tables.
1987:
Top bracket of 38.5%.
Resets again -- never mind that they ALSO took away almost all "tax shelters" that allowed rich people to not usually pay those super high tax rates.
This created a massive real estate crash, starting in 1989.
1988-1990:
Top bracket 28%.
Completing Reagan's reset, and the beginning of the crash.
1991-1992:
Top bracket 31%.
George H. W. Bush (aka Criminal Bush) said, "Read my lips: no new taxes."
Cool, except that his lips were lying. That was almost always the case whenever his lips were moving.
1993-2000:
Top bracket 39.6%.
The Clintons have always loved HIGHER taxes, not lower.
2001:
Top bracket 39.1%.
Whoo hoo! Yay, Georgie, Jr. A massive drop of 0.5% in the top bracket!
Compassionate conservative! (aka Fake Conservative)
2002:
Top bracket 38.6%.
Wow! ANOTHER 0.5% absoute SMASHING DOWN of those tax rates!
2003-2012:
Top bracket 35%.
2013-2017:
Top bracket 39.6%.
Obama said, "Not so fast! We got some fundamental changin' to do here!"
2018-2021:
Top bracket 37%.
So much for Trump's "great tax cuts," huh?
But on the corporate side ... not really.
BIG corporations dropped from 34% to 21% ... BUT had some tax breaks eliminated.
SMALL corporations (mom and pop) went UP from 15% to 21%.
Don't worship the dude.
IF he and Q team get this corruption flattened, and all the other hopium comes to pass, THEN you can lick his boots.
But not until he PROVES it with his PAST actions (yet to be determined).
2022-2024:
Top bracket 37%.
FJB, regardless.
https://taxfoundation.org/data/all/federal/historical-income-tax-rates-brackets/
It is also interesting to see what the scumbags have done by deceiving the public with a "small" income tax.
1862-1872:
Tax rate starts at 3%, goes to a high of 10%, and back down again.
1872-1912:
0% (no income tax at all, except for a 2% tax in 1894, which doesn't count because it was ruled unconstitutional.
1913-1915:
Tax brackets 1%-7%.
Not so bad, eh?
1916:
2%-16% (gearing up for war)
1917:
2%-67%
WAR! WAR! WAR!
The "small income tax" is now a monster, out of control.
War is what the constitutional provision of APPORTIONMENT is for.
There is NEVER a need for an income tax, not even during wartime.
1918:
Top bracket goes to 77%.
1919-1921:
Top bracket at 73%.
1922-1923:
President Harding (who the mainstream "economists" universally hate,) started pushing for less government and lower taxes.
Top brakets 58%, then 46%.
1924-1931:
Top bracket 25%.
BOOM! The Roaring 20's begins!
This followed a depression in 1920-21, in which Harding refused high government spending. Many statistics indicate the economy was worse than the Great Depression, but it only lasted less than 2 years because there was an adult in the White House, and not a communist child.
Stock market started taking off in 1924, when talk of lower taxes and regulations were in the air.
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
1932-1935:
Top bracket of 63%.
There's a new sheriff in town, his name is FDR, and he wants to steal your gold and your other money.
Enter: The beginning of the Great Depression.
1936-1940:
Oh, you liked 63% as your top bracket AND an 8-year long Great Depression to boot? Let's try 79% top tax bracket!
1941:
Top bracket of 81%.
WAR!
1942-1943:
Top bracket of 88%.
Moar WAR!
1944-1945:
Top bracket 94%.
Moar moar moar!!! WAR WAR WAR!!!
1946-1963:
Top bracket of 91%, with a bonus o 92% in 1952-53.
I guess the buck stopped on Harry's desk because he wanted all that money for himself.
And ... I don't like Ike.
And ... JFK talked a good game, but came up empty on this one.
It was actually "Guns AND Butter," welfare state AND massive immigration Lyndon Johnson who got the tax rates down from absolute armed robbery to merely screw you if you don't like it levels.
1964:
Top bracket 77%.
1965-1981:
Top bracket: 70%.
1982-1986:
Top bracket of 50%.
President Reagan resets the tax tables.
1987:
Top bracket of 38.5%.
Resets again -- never mind that they ALSO took away almost all "tax shelters" that allowed rich people to not usually pay those super high tax rates.
This created a massive real estate crash, starting in 1989.
1988-1990:
Top bracket 28%.
Completing Reagan's reset, and the beginning of the crash.
1991-1992:
Top bracket 31%.
George H. W. Bush (aka Criminal Bush) said, "Read my lips: no new taxes."
Cool, except that his lips were lying. That was almost always the case whenever his lips were moving.
1993-2000:
Top bracket 39.6%.
The Clintons have always loved HIGHER taxes, not lower.
2001:
Top bracket 39.1%.
Whoo hoo! Yay, Georgie, Jr. A drop of 0.5% in the top bracket!
Compassionate conservative! (aka Fake Conservative)
2002:
Top bracket 38.6%.
Wow! ANOTHER 0.5% absoute SMASHING DOWN of those tax rates!
2003-2012:
Top bracket 35%.
2013-2017:
Top bracket 39.6%.
Obama said, "Not so fast! We got some fundamental changin' to do here!"
2018-2021:
Top bracket 37%.
So much for Trump's "great tax cuts," huh?
But on the corporate side ... no really.
BIG corporations dropped from 34% to 21% ... BUT had some tax breaks eliminated.
SMALL corporations (mom and pop) went UP from 15% to 21%.
Don't worship the dude.
IF he and Q team get this corruption flattened, and all the other hopium comes to pass, THEN you can lick his boots.
But not until he PROVES it with his PAST actions (yet to be determined).
2022-2024:
Top bracket 37%.
FJB, regardless.
https://taxfoundation.org/data/all/federal/historical-income-tax-rates-brackets/