90% AIG Tax Rate: Back To The 1950s
By Mark Perry on March 20, 2009 | More Posts By Mark Perry | Author's Website
Dave Prychitko: The latest move to tax the bonuses at AIG (AIG) is an attempt to bring about, essentially, a new marginal tax rate of 90%. We haven’t seen that since the 1950s and early 1960s in the U.S. (see chart above, data here). The difference here between today’s proposal and that of the past is that it is targeted not toward a general class of income earners in general, but to bonus-earners (non-earners?) at a particular corporation.
MP: In the chart above, notice the huge increases in marginal tax rates during the 1930s, from 25% in 1931, to 63% in 1932, to 79% in 1936.
If you like this article please...
Leave A Comment :
Recent Market Opinions:
US Commercial Property Sector: A Tsunami Of Red Ink
Interesting Articles To Read
US Dollar Tops, While Precious Metal Stocks Bottom: There’s More To Seasonality Than Summer Doldrums
Weak U.S. Economy May Not Mean Weak Dollar This Time
Month To Date Market Review
Recent News:
China Stocks Poised To Add To Gains - 2 mins ago
Australia Home Loans +5.1% On Month In September - 13 mins ago
Flat Open Seen For Taiwan Shares - 29 mins ago
Australia Job Ads -1.7% On Month In October - 30 mins ago
*Australia September Housing Loans +4.8% By Value - 41 mins ago
Opinions From Our Contributors



