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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
Lowest recent unemployment rate was 3.8% in April 2000, before the Bush tax cuts (39.6 vs. 35) and even before Bush's election.  Going back further, we get 3.4% in 1969, when the top marginal rate was 75.25%.  [/quote]

Yes, back in the day the tax rate was insanely high and intended to nab the Rockefeller wealthy (who could otherwise find tax loopholes to pay nothing).  During the depression the tax rate was 80% [b]for incomes over $5,000,000[/b].  People love to cite the higher tax rates as relevant to the "Obama rich" earning more than $250,000.  The "rich" today should be considered the Buffet-type rich, not today's "working wealthy" folks.  [/quote]
The $5M threshold was in place from 1936-1941, but aside from that (and the $1M threshold in 1932-35), the threshold for the top rate has generally hovered around $200K (sometimes bumping up to $400K, but dropping precipitously in the 80s, to a low of 30K during Reagan's last year in office).  In 1968, it was $200K (which granted was worth a lot more then than it is now); in 2000 it was $288K.  [/quote]

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