This was posted in the Orlando Forum today:
The Republican President of the United States set the Tax Rate on those who made over a million dollars a year at a tad over ninety percent...that's 9 0 %.
Now, that is downright interesting!
Today's Tea Party and wealthy Republicans claim that increasing taxes on the Rich back to President Bill Clinton's level of 39% will destroy the economy and jobs will be lost.
Really?
As I recall, everyone had a job when Bill Clinton (D) was in office.
Remember that?
I always had at least 50 high paying jobs that I could get any day of the week.
Many employers were begging for skilled workers.
Let's see how a 90% tax rate worked out for President Eisenhower (R).
The Dow Average opened 1/20/1953 at 288.00, on Eisenhower's first day in office.
The Dow Average closed 1/20/1961 at 634.00, on Eisenhower's Last Day in office.
Well I'll be damned!
Just look at that!
Old Ike more than doubled the Dow Jones numbers.
Business was just booming...going up like a rocket ship from Cape Canaveral.
Are these modern day greedy Republicans still peeing on my leg and telling me it’s raining?
Now you have to understand that today's 30% tax rate, complete with loopy loopholes allows multi-millionaire Mitt Romney to pay just 13% on a 22 million dollar annual income.
Hmm, that doesn’t seem fair.
And the loopholes were there for the millionaires in Eisenhower's time as well.
So, nota bene...the rich get richer and the poor get poorer!
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