4 ms·
Also left out is the 21-point drop initiated by JFK. And the effective marginal rates imposed via AMT for many years. Neither fact fits The Atlantic's narrati
by masonic 8y ago
Also left out is the 21-point drop initiated by JFK.
And the effective marginal rates imposed via AMT for many years.
Neither fact fits The Atlantic's narrative.
- Arnt 8y agoElaborate?
- masonic 8y agoJFK's administration dropped the top marginal rate from 71% to 50%.
- Arnt 8y agoSo just an irrelevant factoid. Sigh. For a moment I thought someone had found enough data to compute effective marginal rates. That would have been interesting. The marginal rate on its own, without the rules that are used to compute the taxable income, is IMO about as meaningful as the wordcount of the rules.