The richest 400 families pay lower rate of taxes than the working class
Oct 11, 2019 16:20:18 #
[quote=no propaganda please]Excellent post and great explanation of how the tax system works. Not that the Marxist Progressives on the left care one iota about the t***h. Thanks for posting it.
As an aside, just WHAT IS An IOTA?[/quot
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I forgot the most important tax paid by Donald Trump. The corporate tax for many years. Here are the rates of corporate tax over different years before 2017.
Therefore, Donald Trump paid hundreds of millions, or billions of dollars more.
1968 52.8% Hikes paid for Great Society and Vietnam War
1970 49.2% Nixon Recession
1971 48% Cut to fight recession
1979 46% Carter Cut to offset high interest rates
1987 40% Reagan Tax Reform Act
1988 34% Cut to fight recession.
1993 35% Clinton Omnibus Budget Reconciliation Act
2001
2018 21% Trump Tax cut goes into effect
As an aside, just WHAT IS An IOTA?[/quot
==================
I forgot the most important tax paid by Donald Trump. The corporate tax for many years. Here are the rates of corporate tax over different years before 2017.
Therefore, Donald Trump paid hundreds of millions, or billions of dollars more.
1968 52.8% Hikes paid for Great Society and Vietnam War
1970 49.2% Nixon Recession
1971 48% Cut to fight recession
1979 46% Carter Cut to offset high interest rates
1987 40% Reagan Tax Reform Act
1988 34% Cut to fight recession.
1993 35% Clinton Omnibus Budget Reconciliation Act
2001
2018 21% Trump Tax cut goes into effect
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