Quote:
Originally Posted by goof2
You have to ignore a few things for that to hold true. First when the top tax rates were that high they were always for people having the equivalent of well over $2 million per year of income in today's dollars (sometimes over $50 million). Next that there were a lot more loopholes that were much easier to use back then. Talking about marginal tax rates is pretty useless, effective tax rates are what matter.
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If you can find historic 'effective' tax rates that go back further than 1979, then please feel free to post a link. I haven't.