Posts Tagged ‘Calvin Coolidge’

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    Inheritance Issues

    Dec 19, 11 • 119 Views • Economic Debates, Economic History, Economic Humor, Regulation, Thinking EconomicallyNo Comments

    From 1941 to 1976, for $10 million and more, the top federal estate tax rate was 77%. $10 million in 1941 would equal $153,897,959.18 today. $10 million in 1976 would equal $39,759,226.71 today. Referring to new federal estate tax legislation...

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    Raising the Ceiling

    Jan 7, 11 • 103 Views • Economic History, Financial Markets, Government, Macroeconomic Measurement, Money and Monetary PolicyNo Comments

    Calvin Coolidge once said, “Nothing is easier than spending the public money. It does not appear to belong to anybody. The temptation is overwhelming to bestow it on somebody.” The national debt did decrease when Coolidge was President. But then...