3 ms·
91% for millionaires, like the good ol' days.
by anon49124 8y ago
91% for millionaires, like the good ol' days.
- briandear 8y agoFalse. https://mises.org/library/good-ol-days-when-tax-rates-were-90-percent https://mises.org/library/good-ol-days-when-tax-rates-were-9...
- ceejayoz 8y agoIf we're throwing clearly partisan sources around: Sort-of. http://www.slate.com/blogs/moneybox/2017/08/07/the_history_of_tax_rates_for_the_rich.html http://www.slate.com/blogs/moneybox/2017/08/07/the_history_o... For a less partisan source, with a neat "pick your income" chart that illustrates the flaws in the Mises argument for sky-high incomes (try anything over ~$500k/year), https://qz.com/74271/income-tax-rates-since-1913/ https://qz.com/74271/income-tax-rates-since-1913/
- refurb 8y agoThe percentage of all taxes paid by the top 10% hasn’t really changed over the past century. Despite have marginal rates >70%, very few people ever paid them.
- ceejayoz 8y agoTrue for the top 10%. Put in the top 1% (~$500k), though, on the effective tax rate chart at https://qz.com/74271/income-tax-rates-since-1913/ https://qz.com/74271/income-tax-rates-since-1913/ and you'll see it has dropped significantly for that population (by about half) since about 1980.