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Post WWII US had a 90% top marginal tax rate and a historic economy. By the time Jimmy Carter was president, the tax rate had been slashed by a third and his ec
by WarOnPrivacy 5y ago
Post WWII US had a 90% top marginal tax rate and a historic economy. By the time Jimmy Carter was president, the tax rate had been slashed by a third and his economy kind of sucked.
- ch4s3 5y ago1. Almost no now paid that rate, tax deductions and clever strategies existed then too. 2. That captured about 20% of GDP in revenue, and we’ve never captured a larger percent for more than about a single year. 3. We currently capture north of 17% of GDP, which is the post war average.