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Woah, had no idea it was that high. And that's in a decade that is considered one of the best in US history (if you were the "right" demographic of course). An
by soupfordummies 3y ago
Woah, had no idea it was that high. And that's in a decade that is considered one of the best in US history (if you were the "right" demographic of course).
Any idea what the top tax bracket was that had that rate? Wonder what it would be now adjusted for inflation.
- WarOnPrivacy 3y ago> And that's in a decade that is considered one of the best in US history Amusingly, that's sometimes spun as what happens after a war - until you wonder what happened to Jimmy Carter's post-war economy.
- readthenotes1 3y agoA more important question is how many people actually paid that rate since the tax code was chock full of loopholes, much more than now. Trump manages to pay almost no income taxes for several decades because of a few minor loopholes left behind. Imagine what that meant in the 1950s
- eli 3y agoThis is true, but even with all that taken into account taxes on the very wealthy are lower now than they were then.
- buzzert 3y ago> if you were the "right" demographic of course What about for the "wrong" demographic? You're saying the huge amount of taxes collected didn't go to them?