Qasim Rashid, Esq.Apr 26, 2023

A quick history lesson. From 1940-1980:
•Wealthiest paid 70-94% marginal tax
•0 of them went broke from taxation
•0 of them left USA
•All remained exceedingly wealthy
•Manufacturing boomed
•The middle class was 62% of US economy (It's now 40% post 'trickle down scamenomics)
•We had the strongest middle class growth in US History

Let's do that again. Stop protecting billionaires. Start taxing them.
#TaxBillionaires

Show threadZelmo Ziggy
@QasimRashid https://taxfoundation.org/income-taxes-on-the-rich-1950s-not-high/
Income Taxes on the Top 0.1 Percent Weren’t Much Higher in the 1950s

High marginal income tax rates on the rich were recently proposed. But how much have effective tax rates on the wealthy changed since 1950s?

Tax Foundation
Apr 26, 2023 at 6:05pmWeb