Hi Elli, did you know during the Great Depression to generate more money to try and get out of it, they raised taxes on the rich.
In 1925, the top tax rate was 25%
October 29th, black Tuesday, the stock market crashed. Loses during the month we about 16 billion dollars
In 1932, the top tax rate was raised from 25% to 63%
In 1936, the top tax rate was raised from 63% to 79%
It took war to bring the world out of the depression , not raising taxes like the democrats want to do. Some people never learn from history.
1945 The top tax rate is 91 percent. It will stay at least 88 percent until 1963, when it is lowered to 70 percent. During this time, America will experience the greatest economic boom it had ever known until that time.
A good economy is good for keeping families together, keeping crime at a low level and just good for our business as well..........................
