A 90% Tax Rate. Would It Work Today? (Economics 101)



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A 90% tax rate. Would a tax rate this high work today? I want to talk some economics 101 as we address this issue as it continues to be brought up more and more. The main framework in which this topic is brought up is in regards to justifying raising taxes even more on certain people. The line of reasoning goes, “Well, tax rates used to be as high as 90% and the economy not only survived it, the economy did very well. Therefore, the system can certainly handle raising taxes significantly more on the top earners.” To be fair, it is factually true that at one point tax rates where that high and that the economy did not fail, but did quite well. With that being said, there are some historical details that are being left out of this reasoning that make it a shaky baseline to use. I’m not here to try and persuade you one way or another, but as a group of people who seek to understand economics, wealth, money, etc., it’s important to at least have a full understanding of this talking point. I believe it is my job to throw out some considerations and then let you decide where you fall. If you disagree with me or anyone else, that’s fine. I still believe we can do that in an adult-like manner. No matter where you stand on the tax issue, my only point here is let’s consider ALL the facts about the 90% tax rate before choosing to use it as some kind of baseline of justification.

How to Know When to Buy Gold by Watching the Gold Prices

A lot of people during these economic hard times are looking to make some extra money. One opportunity that seems to fit everybody no matter where you are on the economic scale is taking advantage of your unused and old gold jewelry and other gold items… and selling them! With gold prices at historic highs, this is probably the very best time to do this. With current talk in Washington about strengthening the dollar, if you want to sell your gold you better do it now. Because as the dollar gets stronger, gold prices go down… and you can lose this opportunity. This article will help you understand about how to know when to sell your gold so you can make the most profit on your transaction.

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Intrinsic value is directly related to the selling price of gold bullions. You need to remember that when you are talking about the intrinsic value of the gold coin, it usually means that you are actually referring to the value of the gold itself. To make it easier for you to understand, you are actually selling the gold for the price that is placed on gold in the market. Today, you will usually find modern bullion coins and the intrinsic value is usually equal to the value of the coin.

Gold Price at Highest Levels For Thirty Years

Gold is one of the most precious metals in the world, and has always been a symbol of wealth, and luxury. Apart from jewellery, it has been used for many other purposes such as in gold coins, dentistry and biology, and manufacturing. Gold fetches a high price in the market, and the rate of gold is an important part of the economy of our world today.

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In order to know how to sell gold coins, you will need to become acquainted with the gold industry. Doing so, will make you an informed consumer that will have no problem knowing how to sell gold coins.

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