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Fun fact: effective tax is not the same as marginal tax. Fun fact: effective tax rates on the top were similar to now due to more loopholes then, which is why
by ChrisLomont 7y ago
Fun fact: effective tax is not the same as marginal tax.
Fun fact: effective tax rates on the top were similar to now due to more loopholes then, which is why cutting that top rate didn’t result in massive revenue loss when it changed.