Calsnap Loc: Seattle/Montana/San Diego

Very interesting CBN video of what is now happening in France. Is the United States locked onto the same path?



http://cbn.com/tv/3255110732001

Bobgood1 Loc: Indianapolis, IN

A Socialist Gov. was very narrowly Elected there. They are taxing the wealthy up to 75%. Why would you stay ?

bull drink water Loc: pontiac mi.

in the 60's and 70's the taxes here were pretty high, and the economy did well. over the last 35 yrs the taxes have been going down, and now they are really low for the rich.they must not have gotten the memo, because they are taking their money and running in droves. one more thing, that 70% means nothing, the rich have the best tax acountents, by the time they cut a check for their taxes it will be fot 70% of 15% of their gross income. any members knowlegable in tax laws can tell us that the more money you make the more write-offs there are.

Ront53 Loc: Maryland

40 percent of Americans pay nothing in taxes. That leaves 60 percent to pay all. The top few percent pay the most. I lived in France during the 60s when deGalle was running against Mitterand who was considered the "French Kennedy". This was until they found out he was a Socialist. DeGalle won. The only place in France that thrived was Paris.

GeorgeH Loc: Jonesboro, GA

Please remember that when US income taxes were at high levels, 60 to 70%, those rates were on the top fraction of one's income. The effective rate on one's entire income was much lower. Of course, I never had to worry about that sort of tax rate, nor did the great majority of tax payers.

Anyone else remember doing taxes from the tables? They illustrated this quite well; the rate increased as income increased, little by little, not in big jumps as the current system provides.

And yet, despite these "high" rates, the US prospered as never before.