Level -> RE: Universal Healthcare (8/27/2006 2:40:36 PM)
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Gent, I realize you asked Popeye this question (and I'm sure he'll answer for himself), but I know that for myself, Bush is not conservative fiscally (ballooning deficits, out of control spending), nor does he have a spotless record with the environment, and the fact that he believes in a first strike doctrine goes against much historical conservative thought. At the end of this post, I'll give 4 links to a magazine called Mother Jones, a leftist rag from here, and a series of articles called "Conversation With A Conservative". As for tax rates, I'm not sure of any exact figures, but I'm pretty certain European taxes come to a substantially higher percentage than American, but this was not always true. from Wikipedia: "The first federal income tax was imposed by Congress in 1862, to finance the Union's waging of the Civil War. It levied a 3% tax on incomes above $600, rising to 5% for incomes above $10,000. Rates were raised in 1864. The Civil War income tax was repealed in 1872, but a new income tax was enacted as part of the 1894 Tariff Act (see Tariff Act, Ch. 349, 28 Stat. 509 (Aug. 15, 1894)). However, the Supreme Court struck down the income tax in 1895. It ruled that the portion of the income tax that applied to income on property was a direct tax that, under the US Constitution, could not be levied without apportioning the tax by population. In 1913, however, the states ratified the Sixteenth Amendment to the United States Constitution, which made possible modern income taxes. That same year, the first Form 1040 appeared after Congress levied a 1% tax on net personal incomes above $3,000 with a 6% surtax on incomes of more than $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000) to finance World War I. In 1922 the top marginal tax rate was reduced to 58% and then to 25% in 1925 and eventually to 24% in 1929. In 1932 the top marginal tax rate was increased to 63% during the Great Depression and steadily increased to 94% marginal tax rates on all income over $200,000 in 1945. Top marginal tax rates stayed near or above 90% until 1964 when the top marginal tax rate was lowered to 70%. The top marginal tax rate was lowered to 50% in 1982 and eventually to 28% in 1988. During World War II, Congress introduced payroll withholding and quarterly tax payments." Of course there are a myriad of ways that we are taxed. Here are the links mentioned: http://www.motherjones.com/commentary/columns/2004/10/10_200.html http://www.motherjones.com/commentary/columns/2004/10/10_207.html http://www.motherjones.com/commentary/columns/2004/10/10_208.html http://www.motherjones.com/commentary/columns/2004/10/10_205.html
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