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> In the middle of the 1900s, the tax rate on the wealthiest Americans was 91% You forgot to mention that only half of capital gains were subject to tax. So th
by burnerthrow008 1y ago
> In the middle of the 1900s, the tax rate on the wealthiest Americans was 91%
You forgot to mention that only half of capital gains were subject to tax. So the highest marginal rate was 45.5%.
- jibal 1y agoThe maximum effective rate on long-term capital gains was 45.5% but the top marginal rate on ordinary income was 91%. In any case, this is all a major deflection resulting from the lie that the low job creation rate is due to "the threat" of a possible future mayor rather than tariffs.