Wednesday, July 25, 2012

Lizzy Borden Took a Tax

Dear Bangor Daily News:

The late actor Jack Lord was born 22 days before the World Almanac says Republicans acquired Congress and the presidency from 1921 to 1933.

Ntu.org says Republicans lowered the top marginal tax rate in stages from 73% in 1921 to 24% in 1929, the year we first shattered the world economy.

Democrats raised it to 92% in 1952 and 1953, the years bls.gov says unemployment fell to 3.0% and 2.9%.

It stayed at 91% from 1954 through 1963 while unemployment averaged 5.4% / year, nyse.tv says the Dow grew 17.2% / year and treasurydirect.gov says national debt rose 1.27% / year.

Except spiking 1968 - 1970 (Apollo 11 launched 7/16/69), it was lowered by Democrats to 70% between 1964 - 1980, while unemployment averaged 5.5% / year, the Dow rose 2.6% / year, and national debt rose 11.2% / year.

Republicans lowered the top rate in stages to 28% between 1981 - 1990 (Kristen Shepard shot J.R.), while unemployment averaged 7.1% / year, the Dow rose 17.1% / year and national debt rose 22.4% / year.

Between 1991 - 2000 it was raised twice (Gap blue desses weren't cheap) to 39.6%, while unemployment averaged 5.6% / year, the Dow rose 31.3% / year and national debt rose 5.48% / year.

Between 2001 - 2010 (Matt Murphy snagged Barry Bond's 756th HR ball 8/7/07) Republicans lowered it in stages to 35% while unemployment averaged 6.1% / year, the Dow rose 0.87% / year and national debt rose 13.3% / year.

"Book 'em Danno".

Freezelight - "Light Painting Wifi" originally posted by tsukasa http://ru-freezelight.livejournal.com/

http://ntu.org/tax-basics/history-of-federal-individual-1.html - Top and bottom national tax brackets from 1913

http://www.bls.gov/cps/prev_yrs.htm - Bureau of Labor Statistics unemployment rates 1948 - 2011

http://www.nyse.tv/dow-jones-industrial-average-history-djia.htm - Dow Jones Industrial Average from 1900 - 2011

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm - National debt outstanding 1950 - 1999

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm - National debt outstanding 1999 - 2010

http://www.davemanuel.com/history-of-debt-in-the-united-states.php - National debt back to 1789

http://en.wikipedia.org/wiki/Apollo_11 - Apollo 11 launched July 16, 1969

http://en.wikipedia.org/wiki/Who_shot_J._R.%3F - Kristen Shepard shot J.R.

http://law2.umkc.edu/faculty/projects/ftrials/clinton/lewinskydress.html - Monica Lewinsky's blue dress from "Gap"

http://sports.espn.go.com/mlb/news/story?id=3036756 - Matt Murphy snagged BB's 756 ball

http://bangordailynews.com/2011/10/19/opinion/thursday-oct-20-2011-quimby-question-1-and-taxes/ - Letter posted in Bangor Daily News Thursday, Oct. 20th, 2011

Dear Bangor Daily News:

Here is my math for the average unemployment, Dow and national debt figures, for the letter I'm about to send.

Merriam - Webster's says says a hyphen (-) between two dates means up to and including.

You can get 12 digit calculators at Family dollar for $5.

National Debt is for nominal (actual at the time?) dollars. Davemanuel.com shows national debt from 1791 - 2010 in both nominal and 2010 "real" dollars.

Funk & Wagnalls says to find a percentage relationship of one number (4) and another (16), divide the former by the latter and multiply by 100:

4 divided by 16 = 0.25 x 100 = 25% (4 is 25 percent of 16).

Unemployment 1954 - 1963:

Total: 54%, divided by 10 years equals 5.4% / year average unemployment 1954 -1963

Dow 1954 -1963:

Jan. 2, 1964: 766.08

Minus

Dec. 31, 1953: 280.90

Equals: 485.18

Divided by: 280.90

Equals: 1.727 x 100 = 172.72 % rise

Divided by 10 years equals 17.2% / year rise in Dow 1954 - 1963

National Debt 1954 - 1963

06/30/1963: $305,860,000,000.00

Minus

06/30/1954: $271,260,000,000.00

Equals: $34,600,000,000.00 rise

Divided by: $271,260,000,000.00

Equals: 0.127 x 100 = 12.75% rise

Divided by 10 years equals: 1.27% / year average rise in national debt 1954 -1963

Unemployment 1964 - 1980:

93.6 total divided by 17 years equals:

5.5% / year average unemployment 1964 - 1980

Dow 1964 -1980:

Dec. 31, 1980: 963.99

Minus

Jan. 2, 1964 766.08

Equals: 197.91 rise

Divided by 766.08

Equals 0.258 x 100

Equals: 25.8% rise

Divided by 17 years equals:

1.51% / year average rise in Dow 1964 -1980

National Debt 1964 -1980

09/30/1980: $907,701,000,000.00

Minus

06/30/1964: $311,713,000,000.00

Equals:$595,988,000,000.00 rise

Divided by $311,713,000,000.00

Equals: 1.91 x 100

Equals: 191.2% rise

Divided by 17 years equals 11.2% / year average rise in Dow 1964 -1980

Unemployment 1981 -1990:

71.2 total

Divided by 10 years equals 7.1% / year average unemployment 1981 -1990

Dow 1981 -1990;

Dec. 31, 1990: 2633.66

Minus

Jan. 2, 1981: 972.78

Equals: 1660.88

Divided by 972.78

Equals 1.707 x 100 =170.7% rise

Divided by 10 years equals 17.1% / year average rise in Dow 1981 -1990

National Debt 1981 -1990:

09/28/1990: $3,233,313,000,000.00

Minus

09/30/1981: $997,855,000,000.00

Equals: $2,235,458,000,000.00

Divided by $997,855,000,000.00

Equals: 2.24 x 100 = 224% rise

Divided by 10 years equals: 22.4% / year average rise in national debt 1981 -1990

Unemployment 1991 -2000:

55.9% total

Divided by 10 years equals: 5.59% / year average rise in unemployment 1991 - 2000

Dow 1991 -2000:

Dec. 29, 2000: 10787.99

Minus

Jan. 2, 1991: 2610.64

Equals: 8177.35

Divided by: 2610.64

Equals: 3.13 x 100 = 313.0% rise

Divided by 10 years equals: 31.3% average rise in Dow 1991 - 2000

National Debt 1991 - 2000:

09/30/2000: $5,674,178,000,000.00

Minus

09/30/1991: $3,665,303,000,000.00

Equals: $2,008,875,000,000.00

Divided by: $3,665,303,000,000.00

Equals: 0.548 x 100 = 54.8% rise

Divided by 10 years equals: 5.48% / year average rise in national debt 1991 - 2000

Unemployment 2001 - 2010:

61% total

Divided by 10 years equals: 6.1% / year average unemployment 2001 - 2010

Dow 2001 - 2010:

Dec. 31, 2010: 11577.51

Minus

Jan. 2, 2001: 10646.15

Equals: 931.36 rise

Divided by 10646.15

Equals: 0.0874 x 100 - 8.74% rise

Divided by 10 years equals: 0.87% / year average rise in Dow 2001 - 2010

National Debt 2001 - 2010:

09/30/2010: $13,561,623,000,000.00

Minus

09/30/2001: $5,807,463,000,000.00

Equals: $7,754,160,000,000.00 rise

Divided by: $5,807,463,000,000.00

Equals: 1.335 x 100 = 133.5% rise

Divided by 10 years equals: 13.3% / year average rise in national debt 2001 - 2010