The effective tax rate in the 1950s wasn't actually substantially higher than it is today. [0] A high top-marginal rate is only a small part of the story. [0]

The effective tax rate in the 1950s wasn't actually substantially higher than it is today. [0] A high top-marginal rate is only a small part of the story. [0] https://files.taxfoundation.org/20170804133536/Average-Effective-Tax-Rate-on-the-Top-1-Percent-of-U.S.-Households.png https://files.taxfoundation.org/20170804133536/Average-Effec...