2 ms·
70% was the highest tax rate in 1980, so this is not as insane as it might seem on the surface. https://upload.wikimedia.org/wikipedia/commons/8/8c/Historical_
by e40 8y ago
70% was the highest tax rate in 1980, so this is not as insane as it might seem on the surface.
https://upload.wikimedia.org/wikipedia/commons/8/8c/Historical_Marginal_Tax_Rate_for_Highest_and_Lowest_Income_Earners.jpg https://upload.wikimedia.org/wikipedia/commons/8/8c/Historic...
- thatswrong0 8y agoIIRC the _effective_ tax rates that the top 1% pay haven’t really varied much over the past half a century.. it’s always hovered around 30-40%: 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... Note I just grabbed the first google result, may be inaccurate / biased