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Posted On: 03/18/2021 3:21:02 PM
Post# of 126918
"Name a Country Where 70% Tax Worked"
https://www.democraticunderground.com/100215239282
https://taxfoundation.org/some-historical-tax-stats/
91%
The top marginal tax rate in 1960 was 91%, which applied to income over $200,000 (for single filers) or $400,000 (for married filers) – thresholds which correspond to approximately $1.5 million and $3 million, respectively, in today's dollars.
Approximately 0.00235% of households had income taxed at the top rate. Sep 29, 2011
https://www.democraticunderground.com/100215239282
https://taxfoundation.org/some-historical-tax-stats/
91%
The top marginal tax rate in 1960 was 91%, which applied to income over $200,000 (for single filers) or $400,000 (for married filers) – thresholds which correspond to approximately $1.5 million and $3 million, respectively, in today's dollars.
Approximately 0.00235% of households had income taxed at the top rate. Sep 29, 2011
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