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I have no opinion about what you said that I'm willing to express here, except that you mis-stated the level of income taxes during the period you mentioned. N
by nobody9999 4y ago
I have no opinion about what you said that I'm willing to express here, except that you mis-stated the level of income taxes during the period you mentioned.
Not an attack on you, just correcting the record.
- deleted 4y ago[deleted]
- systemvoltage 4y agoThanks and correction accepted. Lot of it is still misleading though. We should also clarify that it was the marginal tax rate, not the "tax rate" as we know. Marginal = above a certain threshold. 90% marginal tax rate, but effective tax rate only bit higher than it is today. https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/ https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/