DB:

No one likes to pay taxes, but the fact remains our tax rates are quite low today compared to previous times. Assuming you had AGI of $100,000 in 2010, your incremental tax rate (The rate you would pay on amounts in excess of $100,000 would be 33%. If I'm reading the chart posted below correctly, had you earned that same amount in 1968 your incremental tax rate would have been 60% . In 1935 the incremental rate on amounts in excess of $100,000 was 56%.

It looks to me like your parents and grandparents had it much worse.


http://www.taxfoundation.org/publications/show/151.html


Edited by Dave Vedder (03/17/11 01:17 AM)
_________________________
No huevos no pollo.