It's funny how people who cry about tax rates always cite the 30s tax rates to back up their ridiculous viewpoints. Yet they always seem to leave out the fact that the rich didn't actually pay that much.

What the tax rate is and what people pay are two different things.

Next you'll be telling us about the 50s when the tax rate was over 90 percent. In actuality the rich never paid remotely close to that. They were paying only maybe half of that. And given that the top bracket is so much lower nowadays, the top marginal rate still nets pretty close to what that would have yielded you.

Then we have Hauser's law... No matter the tax rate in the US, the government has collected between 17-20% of it's GDP in taxes.

And that goes without saying that even though tax rates are less now, we can actually see that the amount the rich have paid has actually gone up since compared to 40 or so years ago.