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In america, in 1948, the marginal tax rate on income over 200,000 was 91%. The 50% tax rate was on income over $16k. Which is $157k in 2015 dollars.
by knodi123 11y ago
In america, in 1948, the marginal tax rate on income over 200,000 was 91%.
The 50% tax rate was on income over $16k. Which is $157k in 2015 dollars.
- harryh 11y agoCorporations responded by not paying high salaries but instead giving people lavish expense accounts and company cars that were not taxed.
- eplanit 11y agoYes. And, the tax code was filled with so-called loopholes. Anybody with a brain and a competent accountant were able to cleverly avoid a lot. Many of these were eliminated in the Reagan-era "tax reform" (and more since).
- deleted 11y ago[deleted]