April 19, 2012

My tax numbers are real and your supposed deductions are things you just heard about.

Nobody on the right even tries to prove a thesis where their tax cuts bring in the revenue it would take to accomplish all those massive projects we did from 1940-80. Don't you realize that if you calculate it in today's dollars we could actually pay down the debt and build a national inter-state high speed rail system and fund healthcare and still...AGAIN... we could do all that and PAY DOWN THE DEBT! That's how much money came in when we...
A-Did tax the wealthy more...and...
B-Invested the money wisely in infrastructure (rail, telecom lines, reservoirs where water is needed...etc.
That is a specific formula that worked for everybody back then and everybody describes today's situation as the new Great Depression!
It makes perfect sense.
Between 1940-80 the wealthiest Americans paid between 70% to 90% federal income tax and that's what allowed us to build the American Dream. How else could we afford it? Between 1940-80 we fought and paid for WWII, Korean War, Vietnam War, we built our US Interstate Expressway system, Roads, Electrical Grid, Telephone, our main Bridges and Tunnels; we Made every Car we Drove and we wore just the Clothes we Sewed and WE WENT TO THE MOON SIX TIMES-AND WE PAID FOR IT ALL! Here's the link. Go to section 21.5 and Get out ye encyclopedias... TRUTH:http://en.wikipedia.org/wiki/Income_tax_in_the_United_States#1930_-_1980

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