MSG Private RallyPoint Member 419535 <div class="images-v2-count-1"><div class="content-picture image-v2-number-1" id="image-19569"> <div class="social_icons social-buttons-on-image"> <a href='https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.rallypoint.com%2Fanswers%2Fwould-you-like-to-return-to-a-92-top-rate-on-the-income-tax%3Futm_source%3DFacebook%26utm_medium%3Dorganic%26utm_campaign%3DShare%20to%20facebook' target="_blank" class='social-share-button facebook-share-button'><i class="fa fa-facebook-f"></i></a> <a href="https://twitter.com/intent/tweet?text=Would+you+like+to+return+to+a+92%25+top+rate+on+the+Income+Tax%3F&amp;url=https%3A%2F%2Fwww.rallypoint.com%2Fanswers%2Fwould-you-like-to-return-to-a-92-top-rate-on-the-income-tax&amp;via=RallyPoint" target="_blank" class="social-share-button twitter-custom-share-button"><i class="fa fa-twitter"></i></a> <a href="mailto:?subject=Check this out on RallyPoint!&body=Hi, I thought you would find this interesting:%0D%0AWould you like to return to a 92% top rate on the Income Tax?%0D%0A %0D%0AHere is the link: https://www.rallypoint.com/answers/would-you-like-to-return-to-a-92-top-rate-on-the-income-tax" target="_blank" class="social-share-button email-share-button"><i class="fa fa-envelope"></i></a> </div> <a class="fancybox" rel="651e4201908dd34e312ae76583bb2a85" href="https://d1ndsj6b8hkqu9.cloudfront.net/pictures/images/000/019/569/for_gallery_v2/Compare_tax_lability_1953_to_2014.JPG"><img src="https://d1ndsj6b8hkqu9.cloudfront.net/pictures/images/000/019/569/large_v3/Compare_tax_lability_1953_to_2014.JPG" alt="Compare tax lability 1953 to 2014" /></a></div></div>The highest marginal rate on income in US history was 92% (income over $200,000 which is $1.56 million in today's money) in 1953.<br /><br />Some months ago I got into a conversation wherein someone advocated returning to the 1953 income tax rates. It took some time, first to find the necessary information, then to do the calculations, and then ensure that they were done right. Here's the analysis: 2015-01-15T19:34:09-05:00 MSG Private RallyPoint Member 419535

<div class="images-v2-count-1"><div class="content-picture image-v2-number-1" id="image-19569"> <div class="social_icons social-buttons-on-image"> <a href='https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.rallypoint.com%2Fanswers%2Fwould-you-like-to-return-to-a-92-top-rate-on-the-income-tax%3Futm_source%3DFacebook%26utm_medium%3Dorganic%26utm_campaign%3DShare%20to%20facebook' target="_blank" class='social-share-button facebook-share-button'><i class="fa fa-facebook-f"></i></a> <a href="https://twitter.com/intent/tweet?text=Would+you+like+to+return+to+a+92%25+top+rate+on+the+Income+Tax%3F&amp;url=https%3A%2F%2Fwww.rallypoint.com%2Fanswers%2Fwould-you-like-to-return-to-a-92-top-rate-on-the-income-tax&amp;via=RallyPoint" target="_blank" class="social-share-button twitter-custom-share-button"><i class="fa fa-twitter"></i></a> <a href="mailto:?subject=Check this out on RallyPoint!&body=Hi, I thought you would find this interesting:%0D%0AWould you like to return to a 92% top rate on the Income Tax?%0D%0A %0D%0AHere is the link: https://www.rallypoint.com/answers/would-you-like-to-return-to-a-92-top-rate-on-the-income-tax" target="_blank" class="social-share-button email-share-button"><i class="fa fa-envelope"></i></a> </div> <a class="fancybox" rel="a29941f82b0d267f74d7aa29bca5129a" href="https://d1ndsj6b8hkqu9.cloudfront.net/pictures/images/000/019/569/for_gallery_v2/Compare_tax_lability_1953_to_2014.JPG"><img src="https://d1ndsj6b8hkqu9.cloudfront.net/pictures/images/000/019/569/large_v3/Compare_tax_lability_1953_to_2014.JPG" alt="Compare tax lability 1953 to 2014" /></a></div></div>The highest marginal rate on income in US history was 92% (income over $200,000 which is $1.56 million in today's money) in 1953.<br /><br />Some months ago I got into a conversation wherein someone advocated returning to the 1953 income tax rates. It took some time, first to find the necessary information, then to do the calculations, and then ensure that they were done right. Here's the analysis:

2015-01-15T19:34:09-05:00 2015-01-15T19:34:09-05:00 Cpl Private RallyPoint Member 419568

<div class="images-v2-count-0"></div>If you&#39;ve read the Communist Manifesto and understand it&#39;s planks...<br /><br />Number 2. A heavy progressive or graduated income tax.<br /><br />As a veteran who served during the fall of the USSR, I&#39;d have to say, hell no.

2015-01-15T19:54:19-05:00 2015-01-15T19:54:19-05:00 1SG Private RallyPoint Member 419630

<div class="images-v2-count-0"></div>FLAT TAX. With a set percentage that everyone must pay. Say, about 10%, what ever is revenue neutral.<br /><br />No exemptions.<br />No deductions.<br />A tax code with about ten pages.<br />Nobody gets a free lunch.<br />Nobody gets to dodge paying by hiring an Army of lawyers.<br /><br />Problem solved. Problem staying solved.

2015-01-15T20:30:26-05:00 2015-01-15T20:30:26-05:00 2015-01-15T19:34:09-05:00