USA Today is one of the many publications that is part of the Democratic media complex. Their articles are skewed to the left. Far from being objective. Why not be mature and be honest about it??
Why not just call names a spout conspiracy theories. “Democratic Media Complex” implies they call the DNC and ask what to publish and how to spin it. Is that being honest and mature? Do journalists on the whole lean left? I think so–but the above comment is like when Democrats complain about the Republican AM Talk Radio complex.
Lets take a look at tax rates and see what they suggest at least on a federal level:
Corporate:
1950: first 25,000 @ 23%; over 25,000 @42%
1951: first 25,000 @ 28.75%; over 25,000 @ 50.75%
1952-1963: first 25,000 @ 30%; over 25,000 @52%
1964: first 25,000 @ 22%; over 25,000 @ 50%
1965-1978 they are similar low of 20% (1975-78) high of 52.8 (1968-69) but range is similar.
In 1979 we went to a bracket structure similar to today
0-25,000 @ 17%
25-50,000 @ 19%
50-75,000 @ 30%
75-100,000 @ 40%
100,001+ @46%
Over the years these rates have fluctuated from a low of 15% to a high of 51%
So what are todays rates (they were the same in 2009)
0-50,000 @ 15%
50-75,000 @25%
75-100,000 @34%
100-335,000 @ 39%
335-10,000,000 @ 34%
10-15,000,000 @ 35%
15-18,333,333 @ 38%
18,333,334+ @ 35%
So rates today are historically low which suggests…? You have to go back to 1939 to find lower rates.
For individuals–the tables are too large to do but suffice it to say in 1950 the top marginal rate was 91% lowest marginal rate was 20%.
In 1963 the highest rate drops to 77% and the lowest to 16%
In 1965 the highest rate drops to 70% and the lowest to 14%
In 1977 they add a 0% rate for taxable incomes of less than 3,200 for married couples
In 1982 the top rate drops to 50% and the lowest rate (aside from the 0%) drops to 12% and in 1983 it becomes 11%
The 1986 tax act phases in rate changes to only two rates a 15% and 28% bracket(with a bubble of 33% ro recapture upper income 15% bracket savings)
Since then these rates have been tinkered with and currently sit at (for married filing joint):
0-16,750 @10%
16,751-68,000 @ 15%
68-137,300 @ 25%
137,301- 209,250 @ 28%
209,251 - 373,650 @ 33%
373,651+ @ 35%
These are historically low rates. Again suggesting what…? The income tax started in 1913 with a top rate of 7% but by 1917 the top rate was 67%, by 1918 it was 77%, dropping to 25% by 1925 - 1931 when it once again climbed to 63% only to go higher.
Granted this only examines federal income taxes but clearly the current rates here are low by historic standards. . We can discuss the various other taxes & fees people now pay and how they have multiplied but I don’t have information handy–and that is a whole other discussion.
Peace.
Mark