2 ms·
It also created a larger market for hugely expensive cars and other luxury items. The 1970's had a 70% tax for the richest. In 1982, that dropped to 50% and coi
by fezz 11y ago
It also created a larger market for hugely expensive cars and other luxury items. The 1970's had a 70% tax for the richest. In 1982, that dropped to 50% and coincidently was when the boom in excess really got started.
- cpursley 11y agoGood point! Another reason to drop personal and corporate income tax, short-term capital gains tax and replace it with a progressive consumption tax.