Don't tread on me= Don't tread on my corporate masters
Last edited by RightinNYC; 12-13-10 at 12:32 AM.
People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.
"All this has been compounded by a fairly profound crisis of values, with some clearly appearing to be in decline, such as responsibility, work-well done, endeavour, solidarity, collective advancement…, being replaced by more material ones that have taken hold amongst us and become part of the landscape of our everyday paradigms. If we add to this the lack of confidence in the markets and of trust in politicians and institutions, the outlook for the coming years is not all that promising"
Oh...Im sure they will survive in some capacity...just as Im sure Jose Marķa Aldecoa has a net worth that is considerably more than the average copper winder. And as I said...you are MORE than able to start such a venture here. Cant WAIT to see how it turns out. My guess is surprisingly similar to the empowered labor unons that priced themselves out of jobs...but...go for it.
Last edited by WeAreReborn; 12-13-10 at 01:14 AM.
Last edited by upsideguy; 12-13-10 at 01:51 AM.
The overall effective federal tax rate is still quite high from an historical standpoint -- and will remain so despite changes to federal income taxes mostly because of the costs of social insurance programs.
The idea that effective marginal taxes at the federal level are quite high historical seems quite wrong considering the truly massive amount of deductions and credits allowed coupled with historically low statutory rates. 35% is a low statutory rate compared to the 90+% the US has seen before and the lack of tax expenditures.
"If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu
CBO has data on the effective federal tax rate, but it only goes back to 1979. You can't really "eyeball it" using the top rate. As you say deductions and credits varied considerably. So did the brackets. For example, the 90+% rate you speak of affected very, very few people - you'd have have an income of about 3.75 million dollars.