Feb 16, 2023
In 1945 the top marginal tax rate was 94%. In 1963 it was 91%.
Today it's 37%. Not to mention reductions in inheritance taxes, capital gains taxes, and taxes on investment income.
Every time we discuss taxiing the rich people start screaming about how the rich provide jobs.
We didn't have jobs in the 40's? 50's? 60's?
We didn't have millionaires in the 40's? 50's? 60's?
Of course we did.