2 ms·
Probably bigger factors: 1) pre-1970s income tax used to be 90% for the highest tax bracket. 2) Nixon killing the Bretton Woods system in 1971.
by metamemetics 16y ago
Probably bigger factors:
1) pre-1970s income tax used to be 90% for the highest tax bracket.
2) Nixon killing the Bretton Woods system in 1971.