> high mid-century tax rates was targeted towards a small handful of billionaires and left most people untouched Tax evasion was much simpler pre modern comput

> high mid-century tax rates was targeted towards a small handful of billionaires and left most people untouched Tax evasion was much simpler pre modern computing, the internet, credit cards, etc. The rate of tax is high on paper but the effective rate of tax was much lower. Not only that the tax code was (and is) riddled with loopholes. I'd say they had a high rate of tax for honest millionaires and millionaires who aren't friendly with some congressmen.