Tax rates and federal debt- anybody notice the inverse correlation?

[indie9197]

http://taxfoundation.org/sites/taxfoundation.org/files/docs/fed_individual_rate_history_nominal&adjusted--20110909.swf

In 1948 the top rate was 91%
In 1964 the top rate was 77%
In 1982 the top rate was 50%
In 2011 the top rate was 35%

The whole time our federal debt is going through the roof! Just a coincidence?

[BlueToTheBone]

1. No. It is no coincidence. It has been planned, worked out

and the execution of the plan is almost complete. The problem for the 1% is that the rain doesn't fall on one man's house.

[mother earth]

2. K & R. Well said, Blue...very well said.

[Fuddnik]

3. What? Huh?

Who woulda thunked it.

[indie9197]

4. So as a talking point I would suggest not using the term "raising" taxes

but maybe just "restoring" taxes to what they had been for decades prior to Reagan and Bush I and II.

[indie9197]

5. If it was good enough for Ike and Nixon it should be good enough for Romney, right? n/t

[Jack Sprat]

6. Well heck yeah.

No surprise though. Even as recent as Nixon it was 70%. It shows just how much the message of greed has descended like a plague since Reagan made it so popular. There is no excuse for this country to be in the financial straits it's in now. When the millenium turned we were in outstanding position to pay down the national debt. Then came Dubya. The electorate wanted lower taxes and they got them. No more balanced budgets, no more surplus, and bush-els and bush-els of deficits and debt.