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Herman Cain
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<blockquote data-quote="Jones" data-source="post: 883902" data-attributes="member: 4805"><p>You're the one who brought up Kennedy cutting taxes on the rich. What I'm telling you is that the top rate was 91% and he cut it to 70%. In addition someone who was at that top rate would have paid 70% on capital gains rather than the 15% at which it is capped today. If you want to argue that effective tax rates were lower in 1964 than they are today, perhaps you could provide a chart to demonstrate that.</p></blockquote><p></p>
[QUOTE="Jones, post: 883902, member: 4805"] You're the one who brought up Kennedy cutting taxes on the rich. What I'm telling you is that the top rate was 91% and he cut it to 70%. In addition someone who was at that top rate would have paid 70% on capital gains rather than the 15% at which it is capped today. If you want to argue that effective tax rates were lower in 1964 than they are today, perhaps you could provide a chart to demonstrate that. [/QUOTE]
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