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New Hamilton Tax Plan
Top tax rate rises to 77%
Top tier lowered to $1M
Rate drops to 25% by 1925
Top tier $1M @ 94%
Bottom Tier $500 @ at 23%
Income Tax Withholding
In the four decades following WWII
top tax rate was 70% or higher
creating a large middle class.
Congress now controls the purse strings of every person and corporation in the US.
State's Rights be damned !
Top rate rises
from 25%
to 79%
​
1861 First income tax
fund Civil war
Repealed 1872
1981
Regan cuts top rate to 50% individual wealth grows for everyone
1986
Regan cuts top rate to 28% Lowers top bracket to $30,000 Rich get Richer
Everyone else gets poorer
​
1990's
top rate rises to 39.6%
US businesses begin outsourcing
more wealth moves to top .1% pop.
2018
Trump cuts rates for everyone
?
Click for details
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