A Pamphlet from Don Stuart, Preserve Our Nation, LLC
Pamphlet #5 - 5/12/2008 updated 3/28/2009

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Tax Rates from the 90's

President Franklin Roosevelt raised the tax rate to 79% for income over $5,000,000 for tax year 1936. The problem is that only one person made that amount of money: John D. Rockefeller. So was this punishing one American?

Poor dear old John D. Rockerfeller just made too much money for the government not to pay attention.

The liberals believe that making money is wrong and aim to punish those who make too much in their view.

Even though ExxonMobil is making a little less than 8% profit, they believe that the total dollar amount is too much. So they want a windfall profit tax. Thus, the government taxes those who succeed!

Now it's the AIG employees who received bonuses. Get them bonuses (in legislation), try to take them back (by breaking the contract and legislation) and when that fails, raise their tax rates. And again only targeting a specific group with their tax code. This is unconstitutional. But again, the Liberals in Congress thinks they are above the Constitution.

More additional Facts:

• The tax rate rose to 91% in 1951 and the income limit had dropped to $400,000. So the aim is to raise the tax rate and lower the Income limit to which it applies too.
• Barack Obama said they wanted to return the tax rate back to 39.6% for those incomes beginning in the range of $200,000 to $250,000. In 2001, when Bill Clinton left office the top rate was 39.1% for incomes over $297,000. So going to their proposed rates of the 90's is punishing those who make more money. They would be raising taxes above the 90's, because they are lowering the income bracket level.
• 2001 dollars of $297,000 in 2008 dollars is about $350,000. So to be equivalent to the rates of 2001, they should raise the rate to 39.6 for incomes over $350,000. Not the $250,000 target they are stating.

Duh, lowering the income limit at the same tax rate is raising taxes!

I repeat: So the aim is to raise the tax rate and lower the Income limit to which it applies.

Our Government at Work!