dbackjon wrote:Chizzang wrote:
Mostly I think the resistance (when not coming from Religious perspectives) is a kind of "what next???"
A feeling that this nation has lost it's "moral center"
The whole idea that Hippies, freaks and freeloaders are slowly encroaching on middle America
This is seen more as a gradual transgression and the end of round one (of the final descent into chaos)
yes, lets go back to the good old days of 91% tax brackets, no coloreds allowed, and women in the kitchen!
Jon, 1958 taxes and income can't be compared to todays. Due to inflation, population growth and the fact that there are differences in entitlements paint a very different picture that is beyond comparison.
http://online.wsj.com/article/SB1000142 ... 82808.html" onclick="window.open(this.href);return false;
In 1958, an 81% marginal tax rate applied to incomes above $140,000, and the 91% rate kicked in at $400,000 for couples. These figures are in unadjusted 1958 dollars and correspond today to nominal income levels that are about eight times higher. That year, according to Internal Revenue Service records, about 10,000 of the nation's 45.6 million tax filers had income that was taxed at 81% or higher. The number is an estimate and is inexact because the IRS tables list the number of tax filers by income ranges, not precisely by the number who paid at the 81% rate.
In 1958, even the lowest-tier filers, which included everyone making up to $5,000 annually, were subjected to an effective 20% rate. Today, almost half of all tax filers have no income-tax liability whatsoever, and many "taxpayers" actually get a net refund from the government. Those nostalgic for 1950s-era "tax fairness" should bear this in mind
Social Security was different. The ratio in the 1950's was about 46-1, now it's 2.9-1.