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Between the 1940s and 1960s the US had 90%+ marginal tax rate for the highest income bracket, so it's not an impossible or untenable situation.
by dalke 11y ago
Between the 1940s and 1960s the US had 90%+ marginal tax rate for the highest income bracket, so it's not an impossible or untenable situation.
- dllthomas 11y agoIn today's dollars, that marginal tax rate would surely start somewhere above one million.