4 ms·
How you dare questioning the sacred idea that an income tax bracket of 70%+ would destroy the economy?
by galactus 14y ago
How you dare questioning the sacred idea that an income tax bracket of 70%+ would destroy the economy?
- flyinglizard 14y agoWhat should be considered is not the maximal tax rate but the effective tax rate (after deductions, evasions and so forth). Do you have any doubt that with the paper accounting of the 50's it was significantly easier to evade paying taxes? Do you really think anyone actually paid 70%?