Trudeau decided to go ahead with retaliatory tariffs even though Trump’s order includes a mechanism to escalate the rates if Canada retaliates against the U.S.
Worth noting that, AFAICT, they never restore the tax rate to what it was before the preceding Republican’s tax breaks. It’s always a huge step back and a half step forward.
Worth noting that, AFAICT, they never restore the tax rate to what it was before the preceding Republican’s tax breaks.
Biden unfortunately did not. But Obama restored the highest tax bracket back to what it was previously. Clinton actually went above and beyond that and made it higher that it was in 1987. But I want to see the top rate rolled back at least to the 1986 rate of 50% or even better the 1982 rate of 70%. Only then will I be satisfied the wealthy are paying their fair share of taxes.
Worth noting that, AFAICT, they never restore the tax rate to what it was before the preceding Republican’s tax breaks. It’s always a huge step back and a half step forward.
Biden unfortunately did not. But Obama restored the highest tax bracket back to what it was previously. Clinton actually went above and beyond that and made it higher that it was in 1987. But I want to see the top rate rolled back at least to the 1986 rate of 50% or even better the 1982 rate of 70%. Only then will I be satisfied the wealthy are paying their fair share of taxes.
https://www.wolterskluwer.com/en/expert-insights/whole-ball-of-tax-historical-income-tax-rates