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The 90% tax rate is completely misleading, as there were so many deductions and loopholes that hardly anybody ever paid it. Every time somebody brings up the 90
by jeremyt 11y ago
The 90% tax rate is completely misleading, as there were so many deductions and loopholes that hardly anybody ever paid it.
Every time somebody brings up the 90% rate, it's always someone on the left attempting a "We could raise tax rates a whole lot more; just look at how high they used to be". It's one of the most disingenuous arguments in politics.