Mastodawn

Robert Reich Apr 30, 2023

A history of the top marginal tax rates on the wealthiest Americans:

1940: 81%
1950: 84%
1960: 91%
1970: 72%
1980: 70%
1990: 28%
2000: 40%
2010: 35%

For 50 years, corporate backed politicians in Congress have slashed taxes to line the pockets of their wealthy donors.

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Harry Callahan Apr 30, 2023

@rbreich What is the effective tax rate they paid?

If someone was taxing me 90%, I'd be buying politicians & judges, too.

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GayaSaMundo Apr 30, 2023

@HarryCallahan
Do you understand what *marginal* tax rate means? They aren't having all of their income taxed at that rate, just the top margin of it.

@rbreich

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Richservo

@gayasamundo @HarryCallahan @rbreich yup. And everything over $100 million should be a 100% tax rate. Wealth hoarding and wage theft should be illegal.