Excess pay for a few is Good for America,

Provided most of it goes into our treasury as income tax.

In 1960, the high marginal rate was 91%, at incomes > $100,000, and, contrary to Laffer, things were fine.

In 1970, it was 70%.

Today, its about 35%

Consider these progressive rates:

> 250,000       40%

>500,000        45%

> 1,000,000   50%

> 2,000,000   60%

> 5,000,000   65%

> 6,000,000   70%

> 7,000,000   75%

> 8,000,000   80%

> 9,000,000   85%

> 10,000,000 90%

The NY American League team alone might finance SCHIP!

What do you think?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s