Tag: IRS

Historical Income Tax Rates for the Top Tax Bracket — with Charts

Increasing the Tax rates on the Wealthy — can it happen? should it happen?

Dare we let the fabled “Engine of the Economy” grind to a halt?

How about a little Historical Perspective — How does the “Upper Crust” ever manage their Tax Burden?



(Click for Larger Image)

(By the way, that red line is the “Historical Trend” for the Tax Percentage Rate, for the Top Tax Bracket in America.  It just keeps going down.)

How much do you have to make, before that burdensome Top Percentage Rate kicks in? — here are the Historic Thresholds:



(Click for Larger Image)

(That Super Wealthy threshold, has been creeping up since 1992.)

National Taxpayers Union

It’s Official: CBPP calls Tax Cuts a Boon to Top 1%

The Center on Budget and Policy Priorities economists just confirmed the trends of the last 8 years — Most of the the Economic Gains went to the very Wealthy, while the rest of us struggled to just get by

TOP 1 PERCENT OF AMERICANS REAPED 2/3 OF INCOME GAINS In last Economic Expansion,

Income Concentration in 2007 Was at Highest Level Since 1928, New Analysis Shows

By Avi Feller and Chad Stone – September 9, 2009

Two-thirds of the nation’s total income gains from 2002 to 2007 flowed to the top 1 percent of U.S. households, and that top 1 percent held a larger share of income in 2007 than at any time since 1928, according to an analysis of newly released IRS data by economists Thomas Piketty and Emmanuel Saez.

During those years, the Piketty-Saez data also show, the inflation adjusted income of the top 1 percent of households grew more than ten times faster than the income of the bottom 90 percent of households.

A Tough Question

An observation leads to a question.

In the wake of New Hampshire’s Ed and Elaine Brown affair have government agencies given tax breaks, incentives, grants, etc for the purpose of promoting a new tax resolution specialist “industry”.

The commercials coming out of 96.9 WTKK radio in Boston are reaching an unprecendented saturation type plateau.  Taxmasters, call 1-800-IRSProblems, etc.  

I mean really, one could very plausibly assign it to a co-intel-pro Pentagon operation.  Ed and Elaine Brown did get great press coverage even with corporate media’s blacklisting policies.  Should one not want thousands of Ed and Elaine wannabes one would seek to perhaps compromise just a tad.  “We will “negotiate” a “settlement” for “pennies on the dollar”, ya, well, I’m hearing that far too often for it to be mere co-incidence.

In this “post 911 world”, this “land of the free”, where corporations can hold you personally responsible for damage to THEIR company, I think it’s a perfectly rational question. They certainly don’t want millions of other people telling the government to show me the law this April.

It also indicates my level of contempt.

So how’s things in your neck of the woods?  Don’t you think perhaps maybe the demographics would indicate a concentration in the New England area?  A pro-active approach to diverting tax resisters?  If I was part of our Stasi type government it’s what I would do.

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