01-26-2019, 08:32 AM
"Rockefeller made his fortune under a 90% top marginal rate!" Actually he made much of his fortune before income taxes arrived.
(Revenue Act of 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000.)
Monstrous gas guzzlers are about all that is available. You cannot buy small cars anymore, Toyota RAV 4 use to be a small SUV over the years it has become as big as a Buick. Imagine if they applied the advances in efficiency to smaller cars. Less pollution, more space on the highways, less wear and tear on the highways.
If the demand for fuel was cut in half prices would decline by a third, so a dollar a gallon tax would not affect the cost we pay today and the roads and bridges would be in much better shape.
Everyone pays fuel taxes, if your stuff is delivered then FexEx, or the pizza delivery includes the tax in the cost.
(Revenue Act of 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000.)
Monstrous gas guzzlers are about all that is available. You cannot buy small cars anymore, Toyota RAV 4 use to be a small SUV over the years it has become as big as a Buick. Imagine if they applied the advances in efficiency to smaller cars. Less pollution, more space on the highways, less wear and tear on the highways.
If the demand for fuel was cut in half prices would decline by a third, so a dollar a gallon tax would not affect the cost we pay today and the roads and bridges would be in much better shape.
Everyone pays fuel taxes, if your stuff is delivered then FexEx, or the pizza delivery includes the tax in the cost.