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The effective tax rates back then were still higher than today. You're right, they weren't 92%, but they were higher.
by Mikeb85 11y ago
The effective tax rates back then were still higher than today. You're right, they weren't 92%, but they were higher.
- gozur88 11y agoI wonder if that's actually true. It was far, far easier to hide income back then. This is before currency transaction reporting and "currency smuggling" laws. You could get on a flight to Zurich with a duffel bag full of cash and it wasn't something anyone had to report to the government.