In 1938 we had 33 Tax brackets in order to reach all range of income. These brackets ranged from 4% for All income up to $64K progressively going up through 32 more brackets to a Top Marginal Rate of 79% for income over $79Million. Now that's Fair & Balanced, and it's exactly what the Nation Needs to come out of this Great Recession. As Ronald Reagan Knew 35 years ago, when he sold out the Middle Class, "Trickle Down" Doesn't.
Why is this important?
We have always had a progressive tax system, and we need to include the rich and super rich into our tax code. It's not fair to the 99% to foot the bills of the country, when the rich and super rich have over 40% of all the money.
