3 ms·
The US used to have this: https://en.m.wikipedia.org/wiki/Revenue_Act_of_1935 https://en.m.wikipedia.org/wiki/Revenue_Act_of_1935 75% marginal tax rate on inco
by voisin 3y ago
The US used to have this: https://en.m.wikipedia.org/wiki/Revenue_Act_of_1935 https://en.m.wikipedia.org/wiki/Revenue_Act_of_1935
75% marginal tax rate on income over $1 million (in 1935) which is 22,241,021.90 today. Crazy to think how “low” that is relative to the top incomes today.