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Not sure if it explains everything though. The comparison may not be fair, but the tax rates in US ~ the 50s and 60s were fairly high too, and yet it led to pos
by jrmenon 13y ago
Not sure if it explains everything though. The comparison may not be fair, but the tax rates in US ~ the 50s and 60s were fairly high too, and yet it led to post-WW2 boom:
Dwight D. Eisenhower
Marginal Tax Rate on Regular Income over $400,000: 92% - 91%
Maximum Tax Rate on Long-Term Capital Gains: 25%
Source: http://news.yahoo.com/eisenhower-obama-wealthiest-americans-pay-taxes-193734550--abc-news.html http://news.yahoo.com/eisenhower-obama-wealthiest-americans-...
- arbuge 13y agoOf note: $400k in 1953 dollars when Eisenhower was president is equvalent to around $3.5m today. Source: http://www.usinflationcalculator.com/ http://www.usinflationcalculator.com/