TLK Valentine
I've already read the books you want burned.
- Apr 15, 2012
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What was the tax rate back in the "good ol days"? (whenever that was)
In the 1950s... the tax rates for the 1% of the time was 90% -- at least on paper.
In practice, the average millionaire (bit of a contradiction in terms there) actually paid closer to 45% -- since the higher tax rates were on high wages, not necessarily investment income.
Did the Rich Really Pay Much Higher Taxes in the 1950s? The Answer Is a Little Complicated.
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