| http://www.w3.org/ns/prov#value | - In the 1950s there was no distinction between different types of income, he adds, so a doctor who earned $50,000 through his medical practice could reduce his taxable income to zero with $50,000 in paper losses or depreciation from property he owned through a real-estate investment partnership.Schiff also argues that middle and lower income households paid more tax in the 1950s than they do toda
|
