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JHB

(37,158 posts)
6. 55 minus 10
Fri Nov 8, 2013, 08:09 PM
Nov 2013

Below is an image of the US Federal income tax rates for 1955 adjusted for inflation.

Lop 10% off the rate in each bracket: 20% becomes 10%, 22% becomes 12%, all the way up.

The biggest reason for directly basing it off the 50s tax rates (and lower than what was in effect then) is to fire a shot across the bow of everyone these days throwing around the term "socialist" for policies that used to be considered "right wing".

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