Hi B,It will be interesting to see how prices will change on binoculars, spotting scopes and cameras.
Also phones, laptops etc.
Regards,
B.
Not quite as high. I think the top rate here was around 70% back then, not sure at what income level it kicked in... didn't know anyone like that. This is the sort of issue that really used to matter in politics, before we started to worry instead about which bathroom one can enter.and PS. what were US tax rates like in the same period?
This looming situation also had me contemplating if we will see big sales of optics. It also seems likely that such a policy could push a number of US companies that rely on Chinese optics (Vortex, Bushnell, Oberwerk, Athlon etc) out of business as I am not sure their business model could weather a 50% price increase.
Which period, there seem to be several here? Binastro is starting with the postwar years (before my time) which were of course quite rosy compared with Britain. The 1960s were still good economically but had political difficulties; cheap imports then came from Japan. Then inflation got bad in the 1970s which is not fondly recalled, and receded again. Regarding taxes, by 1970 your table shows a top rate just over 70% as I thought, but of course many were paying more like 30% which has declined a bit to around 24% today, and in any case everyone knows this so it just gets factored into salaries. But the top rate has declined much more, to 37%, which should be the real issue if people weren't distracted by so many other problems today.@tenex - if this info from Stanford is correct (Federal Income Tax Brackets and Maximum Tax Rates: 1950-1980) top tax rates were between 84.357% (in 1950) and 70% during that period, and in 1960 income of $20,000-24,000 was taxed at 38%. (How is this period of U.S. history remembered, again?)
If it's the latter, "interesting" wouldn't necessarily be the word I would choose!It'll also be interesting to follow how accurate any projections are, both of the optimistic and the doomsday type.