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frogstar0

(263 posts)
Mon Apr 13, 2026, 08:34 PM 17 hrs ago

They want to go back to the 50s? Some arithmetic. .

They want to go back to the 50s?
1958 top tax rate was 91% on all money earned over $400,000 both married and single.
Person exception was $600 for single, $1200 married and $600 for each dependent.
Income under $4000 was taxed at 20%
Today those numbers are income over $4,570422 pays 91%, and income above the standard deduction and exemptions up to to $45,704 pay 20%
with standard deduction of $6855 single, $13711 married, and $6855 for each dependent.
So married with 2 kids $27422 deduction.

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They want to go back to the 50s? Some arithmetic. . (Original Post) frogstar0 17 hrs ago OP
Wrong '50s. Try the 1850s...nt Wounded Bear 17 hrs ago #1
Or even the 1650s. Wednesdays 13 hrs ago #3
yes............ Lovie777 16 hrs ago #2
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