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AK
Participant[quote=permabear]Our country was most balanced, most productive, and most secure when we had top tax rates at the modern equivalent of $10M+ at 90%[/quote]
… and back then we had an enormous tax shelter industry that resulted in quite a bit of misallocation of capital. The collapse of the tax shelter industry after the Tax Reform Act of 1986 is often cited as a trigger event of the savings and loan crisis.
I’d be surprised if anyone actually paid that 90% marginal tax rate.
Participant[quote=permabear]Our country was most balanced, most productive, and most secure when we had top tax rates at the modern equivalent of $10M+ at 90%[/quote]
… and back then we had an enormous tax shelter industry that resulted in quite a bit of misallocation of capital. The collapse of the tax shelter industry after the Tax Reform Act of 1986 is often cited as a trigger event of the savings and loan crisis.
I’d be surprised if anyone actually paid that 90% marginal tax rate.
Participant[quote=permabear]Our country was most balanced, most productive, and most secure when we had top tax rates at the modern equivalent of $10M+ at 90%[/quote]
… and back then we had an enormous tax shelter industry that resulted in quite a bit of misallocation of capital. The collapse of the tax shelter industry after the Tax Reform Act of 1986 is often cited as a trigger event of the savings and loan crisis.
I’d be surprised if anyone actually paid that 90% marginal tax rate.
Participant[quote=permabear]Our country was most balanced, most productive, and most secure when we had top tax rates at the modern equivalent of $10M+ at 90%[/quote]
… and back then we had an enormous tax shelter industry that resulted in quite a bit of misallocation of capital. The collapse of the tax shelter industry after the Tax Reform Act of 1986 is often cited as a trigger event of the savings and loan crisis.
I’d be surprised if anyone actually paid that 90% marginal tax rate.
Participant[quote=permabear]Our country was most balanced, most productive, and most secure when we had top tax rates at the modern equivalent of $10M+ at 90%[/quote]
… and back then we had an enormous tax shelter industry that resulted in quite a bit of misallocation of capital. The collapse of the tax shelter industry after the Tax Reform Act of 1986 is often cited as a trigger event of the savings and loan crisis.
I’d be surprised if anyone actually paid that 90% marginal tax rate.
ParticipantI don’t think this can be chalked up to luck … from what I’ve seen it’s pretty typical.
ParticipantI don’t think this can be chalked up to luck … from what I’ve seen it’s pretty typical.
ParticipantI don’t think this can be chalked up to luck … from what I’ve seen it’s pretty typical.
ParticipantI don’t think this can be chalked up to luck … from what I’ve seen it’s pretty typical.
ParticipantI don’t think this can be chalked up to luck … from what I’ve seen it’s pretty typical.
Participant“Buying with monopoly money” worked for an earlier generation. It’s comforting to know that I have some protection against inflation. Of course this relies on the assumption that real incomes will keep up, or at least won’t fall too far behind.
Participant“Buying with monopoly money” worked for an earlier generation. It’s comforting to know that I have some protection against inflation. Of course this relies on the assumption that real incomes will keep up, or at least won’t fall too far behind.
Participant“Buying with monopoly money” worked for an earlier generation. It’s comforting to know that I have some protection against inflation. Of course this relies on the assumption that real incomes will keep up, or at least won’t fall too far behind.
Participant“Buying with monopoly money” worked for an earlier generation. It’s comforting to know that I have some protection against inflation. Of course this relies on the assumption that real incomes will keep up, or at least won’t fall too far behind.
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