tag:blogger.com,1999:blog-12703782.post4446292700466092272..comments2020-04-11T03:30:02.282-05:00Gary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-12703782.post-70656867908749600852011-07-29T09:27:35.220-05:002011-07-29T09:27:35.220-05:00Vox, I&#39;m assuming that you&#39;re talking Federal taxes. Income tax rates are pretty low for some. There are also a whole lot more taxes now that weren&#39;t around in 1913 that affect some brackets more than others, such as the payroll tax.<br /><br />Anyhow, in 1913, when the income tax was first levied, the brackets were 1% &amp; 7%.<br /><br />If you are talking about the top rate, it is the lowest now at 35% that is has been since 1992, when it was 28%. The top bracket has been at 35% for since 2003.<br /><br />The bottom bracket is at the lowest now at 10% that it has been since 1941, when it was also 10%. The lowest bracket has been at 10% since 2002. <br />http://en.wikipedia.org/wiki/Income_tax_in_the_United_States<br /><br />The highest tax years were 1952-53, when the lowest bracket paid 22.2%, and the highest paid 92%. 92%! A recession followed in 1953-54.<br />http://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States<br /><br />Not sure what point you&#39;re making, but I find Hauser&#39;s Law useful when considering where the rates should be set, and where federal spending should be set:<br />http://en.wikipedia.org/wiki/Hauser%27s_LawMike Kolehttps://www.blogger.com/profile/17573721231319244630noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-3991459496348411372011-07-29T07:37:36.254-05:002011-07-29T07:37:36.254-05:00You realize taxes are lower than they&#39;ve been practically since the income tax was introduced, right?Vox Populihttps://www.blogger.com/profile/09174941325997674801noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-88751873867949513182011-07-29T06:42:02.404-05:002011-07-29T06:42:02.404-05:00Wallace looks just like Lincoln Plowman!CircleCityScribehttps://www.blogger.com/profile/12691157547732269477noreply@blogger.com