Letters to the Editor

Your views in 200 words or less

TAX CUTS: Wealthy paid higher rates in the past

Letter by Charles L. Allyn, Tacoma on Dec. 10, 2010 at 1:07 pm | 68 Comments »
December 10, 2010 2:06 pm

Regarding “Tax Cuts, Stop class warfare, Democrats,” (Letter, 12-10), the writer should realize that upper bracket tax rates have been much higher in the past. For instance, the average of all upper bracket tax rates since 1913 when income tax began is just under 60 percent.

During World War II and up to 1962, the upper bracket tax rate was 91 percent. From 1963 until 1981 the upper bracket tax rate was 70 percent. During this time period, the national debt decreased as a percentage of GDP from over 100 percent to only about 33 percent.

So, you see that raising the upper tax bracket rate from 35 percent to 39.6 percent should not be that big a deal, considering where it will have to go in the near future to get our country fiscally responsible!

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