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View Diary: Take a Hard Line: We Should be Rolling Back the REAGAN Tax Cuts for the Rich, Not Just Bush (54 comments)

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  •  Take the 1980 tax rates (1+ / 0-)
    Recommended by:
    Troubadour

    and update them for inflation, and you get:

    1980 tax brackets

    0 - 3400        0
    3400 - 5500    14%
    5500 - 7600    16%
    7600 - 11900    18%
    11900 - 16000    21%

    16000 - 20200    24%
    20200 - 24600    28%
    24600 - 29900    32%
    29900 - 35200    37%
    35200 - 45800    43%

    45800 - 60000    49%
    60000 - 85600    54%
    85600 - 109400      59%
    109400 - 162400    64%
    162400 - 215400    68%
    215400 -        70%

    adjusted for inflation comes out to
    0 - 5780        0
    5780 - 9350    14%
    9350 - 12920    16%
    12920 - 20230    18%
    20230 - 27200    21%

    27200 - 34300    24%
    34300 - 41820    28%
    41820 - 50830    32%
    50830 - 59840    37%
    59840 - 77860    43%

    77860 - 100200        49%
    100200 - 145520    54%
    145520 - 185980    59%
    185980 - 276080    64%
    176080 - 366180    70%

    Then add in new brackets for the filthy rich
    366180 - 1000000    75%
    1000000 - 4999999    80%
    5000000 - 14999999    85%
    15000000 -         90%

    I am not religious, and did NOT say I enjoyed sects.

    by trumpeter on Thu Nov 15, 2012 at 02:12:04 PM PST

    [ Parent ]

    •  Look at the brackets before 1950 (2+ / 0-)
      Recommended by:
      Troubadour, trumpeter

      specially the upper ones, adjusted dollars.

      And adjusted dollars are fine, but in the face of huge income disparity dont seem to mean as much.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Thu Nov 15, 2012 at 04:55:38 PM PST

      [ Parent ]

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