There is a common misconception that high-income A
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Posted On: 01/26/2024 9:00:47 AM
There is a common misconception that high-income Americans are not paying much in taxes compared to what they used to. Proponents of this view often point to the 1950s, when the top federal income tax rate was 91 percent for most of the decade.[1] However, despite these high marginal rates, the top 1 percent of taxpayers in the 1950s only paid about 42 percent of their income in taxes. As a result, the tax burden on high-income households today is only slightly lower than what these households faced in the 1950s.
https://taxfoundation.org/data/all/federal/ta...of%20Ameri
To many people were not educated well enough, equipped with sufficient critical thinking skills, to PROCESS information.
Before the internet we were told people were dumb because they did not have enough access to information...........something was wrong with that thought.
puTzz you need to stop posting> > Just Fucking Sad Headshake
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When there was a marginal tax rate above 90% in the 50's we started building the national highway system, NASA was begun and we were armed to the teeth to deter the Soviet Union.
https://taxfoundation.org/data/all/federal/ta...of%20Ameri
To many people were not educated well enough, equipped with sufficient critical thinking skills, to PROCESS information.
Before the internet we were told people were dumb because they did not have enough access to information...........something was wrong with that thought.
puTzz you need to stop posting> > Just Fucking Sad Headshake
=============================================================
When there was a marginal tax rate above 90% in the 50's we started building the national highway system, NASA was begun and we were armed to the teeth to deter the Soviet Union.
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