On current tax rates

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Uploaded by on Aug 16, 2011

On America's current tax rates

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News & Politics

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  • Cains plan will increased total taxes payed by the poor and middle class, reduce total taxes paid by the rich, while crippling the economy.

  • The corporate tax rate should be ZERO Percent! The taxes on the rich should be lowered and the taxes on the middle class and lower class should rise dramatically, as they are feeding off the rich and not paying their fair share to keep America safe.

  • Top rate was 91% in the 50s. 71% under Kennedy-Carter and 55% in Reagan's first term, 28% in Reagan's second. 39.5% under clinton, 35% under Bush/Obama. Frankly at least all loopholes should be close for them. B/c many use the system to cheat everyone else.

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