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[–] 6 points 11 months ago (2 children)

Just reinstate 1950s top marginal rates. Then have a drink after a job well done.

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  • [–] 1 point 11 months ago (1 child)

    Despite the headline tax rate being over 90% in the 1950s, the federal government collects about 3 times more real revenue per person today (with a top rate of 37%) than it did then.

    The only reason it was ever that high is because the tax code at that time was so full of loopholes/deductions/etc. (that are closed today) that you could have that be the rate with practically no one actually paying it.

    What I'm trying to say is, don't hold your breath for that to ever return in present day.

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