Effective tax rates on the top 1% were around 43%, falling around 32% in the mid 2000's. Last data point on this source was about 37%. Meanwhile the growth of

Effective tax rates on the top 1% were around 43%, falling around 32% in the mid 2000's. Last data point on this source was about 37%. Meanwhile the growth of real income held by the top earners has dramatically risen since the 1980s vs. the other classes. With these two facts in mind, one would assume that a modern day spectrum of income inequality on 1950s taxation policy would see an effective rate MUCH higher than what they experienced, which was still generally noticeably higher than what is experienced today. A couple percentage points makes a big difference. https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/ https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/ https://www.cbpp.org/research/poverty-and-inequality/a-guide-to-statistics-on-historical-trends-in-income-inequality https://www.cbpp.org/research/poverty-and-inequality/a-guide...