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JHB

(37,131 posts)
2. For historical perspective, in 1955 there were 24 tax brackets. Adjusting for inflation...
Sun Dec 30, 2012, 05:47 PM
Dec 2012

For a married couple filing jointly:
16 of the 24 brackets affected incomes over the equivalent of $250,000
11 of those affected incomes over the equivalent of $500,000
The top bracket kicked in for incomes over the equivalent of $3.3 million.

That's setting aside what the rates were, and just looking at where they fell.

I wonder why we never hear about this during these debates?

WTF? Since when does sitting on the two yard line place you in the middle of the field? MADem Dec 2012 #1
Since George W. Bush was born on third base and the "liberally-biased media" zbdent Dec 2012 #4
Actually his father was born there before him n/t Tom Rinaldo Dec 2012 #5
Thanks. I usually don't do football analogies... Tom Rinaldo Dec 2012 #14
I normally am not a real fan of 'em either--but yours was a GEM! MADem Dec 2012 #15
For historical perspective, in 1955 there were 24 tax brackets. Adjusting for inflation... JHB Dec 2012 #2
*Cough* They SIMPLIFIED the tax code. It's GOOD to make things simpler. Tom Rinaldo Dec 2012 #3
We almost had that back at the end of Reagan JHB Dec 2012 #16
Excellent point. 98th percentile is NOT "middle class" - downandoutnow Dec 2012 #6
"Solidarity forever". Had that been true most of us would be a lot better off. Tom Rinaldo Dec 2012 #18
very well written! renate Dec 2012 #7
There's an old fashioned term; "Well to do" (or "well off" for a less archaic alternative). Tom Rinaldo Dec 2012 #10
k/r limpyhobbler Dec 2012 #8
Middle class =/= middle income. Igel Dec 2012 #9
Those are all good and fair questions, I agree Tom Rinaldo Dec 2012 #11
If 50K is the "true" middle, and we accept that people SoCalDem Dec 2012 #12
Currently "middle class" in America is defined from full time hours at minimum wage TheKentuckian Dec 2012 #13
The term "middle class" is distorted the same way the term "small business" is distorted Tom Rinaldo Dec 2012 #17
One kick in remembrence of prior Democratic Party campaign pledges. n/t Tom Rinaldo Dec 2012 #19
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