Fed likely to keep raising rates

Re:Fed likely to keep raising rates by anon49124 on Thursday October 11, 2018 @10:40PM (#18198725)

91% for millionaires, like the good ol' days.

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Re:Fed likely to keep raising rates by refurb on Friday October 12, 2018 @10:34AM (#18201685)

The percentage of all taxes paid by the top 10% hasn’t really changed over the past century.

Despite have marginal rates >70%, very few people ever paid them.

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Re:Fed likely to keep raising rates by ceejayoz on Friday October 12, 2018 @11:08AM (#18201913)

True for the top 10%. Put in the top 1% (~$500k), though, on the effective tax rate chart at https://qz.com/74271/income-tax-rates-since-1913/ and you'll see it has dropped significantly for that population (by about half) since about 1980.

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Re:Fed likely to keep raising rates by briandear on Thursday October 11, 2018 @11:24PM (#18198943)

False. https://mises.org/library/good-ol-days-when-tax-rates-were-9...

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Re:Fed likely to keep raising rates by ceejayoz on Friday October 12, 2018 @10:17AM (#18201554)

If we're throwing clearly partisan sources around:

Sort-of. http://www.slate.com/blogs/moneybox/2017/08/07/the_history_o...

For a less partisan source, with a neat "pick your income" chart that illustrates the flaws in the Mises argument for sky-high incomes (try anything over ~$500k/year), https://qz.com/74271/income-tax-rates-since-1913/

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