Daniel Lakelandtax / income was about 25-30 percent if I remember correctly. The marginal rate was just for show.
This article says top 1% of tax payers paid about 42% in taxes despite 91% top marginal rates.
Today that rate is about 35% so really not much different.
https://taxfoundation.org/data/all/federal/taxes-on-the-rich-1950s-not-high/
Hans-Cees 🍋🌲🦔🦦🐝🦋🐛🚅🇸🇳🇵🇾🇹🇬🇹🇲@dlakelan @Kierkegaanks @rbreich its a common mistake to only want to tax the rich. You must tax the money machine for the rich which were corporations in the past but now itps financial stock #tobintax
You must #tax the money machines that make the rich So rich.
Let's get our money back from the 1% #billionaires
#tax financial trade and #investment
They will dodge income tax but they must invest #tobintax #billionaires… (1/2)