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Did you know?

Did you know that the tax rate on upper income Americans under beloved Republican President Dwight Eisenhower during the 1950's was 91%? The average tax rate for middle income Americans at that time was only 20%--and that INCLUDED payroll taxes! Capital gains taxes matched income taxes, so if you were rich you pay 91% on capital gains as well! Did this ruin our country? No! The economy grew wildly during the 1950's!

Under President Obama, the tax rate for the upper income Americans is only 35% and capital gains taxes are maxed out at 15%! Why didn't anyone accuse President Eisenhower of being a socialist? His tax policies were MUCH more in tune with socialism than Obama's!

Answer Question
 
plainsmom71

Asked by plainsmom71 at 9:40 AM on May. 25, 2009 in Politics & Current Events

Level 1 (0 Credits)
Answers (66)
  • Did you know the economy grew wildly at that time because we were coming out of a WAR and people were buying AND there wasn't the total sense of entitlement there is today nor the massive welfare programs. But you go ahead and think it's the same thing.

    Anonymous

    Answer by Anonymous at 9:49 AM on May. 25, 2009

  • Hey, thanks for giving such a snotty answer!!
    plainsmom71

    Answer by plainsmom71 at 9:52 AM on May. 25, 2009

  • You asked a snotty question.
    Anonymous

    Answer by Anonymous at 9:54 AM on May. 25, 2009

  • I don't think you can compare the two times.

    BTW - How much did Eisenhower borrow from China or spend within his first 100 days?
    thundernlight

    Answer by thundernlight at 9:55 AM on May. 25, 2009

  • Obviously, there are many factors involved. You can't pose any question in a vacuum. My point is that if high tax rates on the wealthy were as destructive on the economy as the right-wing always says they are we could never have had prosperity with high tax rates--which is just not true.
    plainsmom71

    Answer by plainsmom71 at 9:55 AM on May. 25, 2009

  • How much did Bush borrow from the Chinese? How much did he piss away on the Iraq War?
    plainsmom71

    Answer by plainsmom71 at 9:57 AM on May. 25, 2009

  • I did NOT ask a snotty question!
    plainsmom71

    Answer by plainsmom71 at 9:59 AM on May. 25, 2009

  • He borrowed less then Obama. Spent less than Obama in the entire 8 yrs and Obama is STILL in Iraq AND Afghanistan. His timetable to pull out is only 2 yrs sooner than Bushes and it remains to be seen if he does that. His fellow dems are turning on him when it comes to Gitmo already!


    And your point aws to be snotty.  I answered your question EXACTLY the way you asked it.

    Anonymous

    Answer by Anonymous at 10:00 AM on May. 25, 2009

  • OP great question. But you will never get the "right wing people" to answer when you give them facts. And their argument about"socialism" is getting old. Most of them don't know the difference between socialism and communism. And when you give them facts about how is life in real socialist country all they will do is attack you.

    Anonymous

    Answer by Anonymous at 10:00 AM on May. 25, 2009

  • Stop hiding, Anon. Have enough guts to show your face.
    plainsmom71

    Answer by plainsmom71 at 10:00 AM on May. 25, 2009

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