Comments on: Bill O'Reilly and Cuban-Style Tax Rates http://www.fair.org/blog/2009/11/06/bill-oreilly-and-cuban-style-tax-rates/ The national media watch group Fri, 10 Feb 2012 09:31:47 -0600 http://wordpress.org/?v=2.8.2 hourly 1 By: November 2009 « Questionable Content http://www.fair.org/blog/2009/11/06/bill-oreilly-and-cuban-style-tax-rates/comment-page-1/#comment-39332 November 2009 « Questionable Content Sun, 05 Sep 2010 17:42:12 +0000 http://www.fair.org/blog/?p=13282#comment-39332 [...] http://www.fair.org/blog/2009/11/06/bill-oreilly-and-cuban-style-tax-rates/ . [...] [...] http://www.fair.org/blog/2009/11/06/bill-oreilly-and-cuban-style-tax-rates/ . [...]

]]> By: Gene http://www.fair.org/blog/2009/11/06/bill-oreilly-and-cuban-style-tax-rates/comment-page-1/#comment-10281 Gene Sun, 08 Nov 2009 03:26:53 +0000 http://www.fair.org/blog/?p=13282#comment-10281 Funny, the Reagan "tax cut" got rid of all interest deductions except mortgage. Think about it. Before this "cut." your Master Card, Visa, Sears, etc interest payments were deductable. Then they weren't. For the middle class tax payer, the interest deduction was (and is) almost always the largest. So what was the result of the tax cut for the middle class, Funny, the Reagan "tax cut" got rid of all interest deductions except mortgage. Think about it. Before this "cut." your Master Card, Visa, Sears, etc interest payments were deductable. Then they weren't. For the middle class tax payer, the interest deduction was (and is) almost always the largest. So what was the result of the tax cut for the middle class,

]]> By: Sortition http://www.fair.org/blog/2009/11/06/bill-oreilly-and-cuban-style-tax-rates/comment-page-1/#comment-10275 Sortition Sat, 07 Nov 2009 18:17:22 +0000 http://www.fair.org/blog/?p=13282#comment-10275 By the way, to whatever extent Reagan "traded deductions for lower rates", it was a very lucrative trade for the rich. <a href="http://www.cbo.gov/ftpdocs/98xx/doc9884/12-23-EffectiveTaxRates_Letter.pdf" rel="nofollow">In 1980, the top 0.01% of household paid 39.1% of their income in federal taxes. By the 1988 they were paying 32.2%.</a> By the way, to whatever extent Reagan "traded deductions for lower rates", it was a very lucrative trade for the rich. In 1980, the top 0.01% of household paid 39.1% of their income in federal taxes. By the 1988 they were paying 32.2%.

]]> By: Sortition http://www.fair.org/blog/2009/11/06/bill-oreilly-and-cuban-style-tax-rates/comment-page-1/#comment-10274 Sortition Sat, 07 Nov 2009 18:00:51 +0000 http://www.fair.org/blog/?p=13282#comment-10274 Randy, There are lots of deductions now as well, but that is beside the point. O'Reilly and his likes make the flat assertion that a high top income tax rate is un-American, deductions or not. This is simply historically wrong, as FAIR points out. By the way, if you want to make an argument about the history of deductions, please do - with the appropriate facts and sources, of course - I am interested. Randy,

There are lots of deductions now as well, but that is beside the point. O'Reilly and his likes make the flat assertion that a high top income tax rate is un-American, deductions or not. This is simply historically wrong, as FAIR points out.

By the way, if you want to make an argument about the history of deductions, please do – with the appropriate facts and sources, of course – I am interested.

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