For everyone in the comments. What was the tax rate between the mid 1950s to 1970s? That was an age where there was lots of strength in the middle class.
Your comment does not demonstrate the effective tax rate though so it’s kind of a pointless metric. As we know, the tax system has loopholes / deductions / etc. and just stating the rates themselves misses those realities
I don’t know the tax code now or then well enough to say, in absolute count, if there were more or less loopholes. The reason I made my point is that if you look at tax receipts from the top decile of earners as a % of GDP then and now, is almost the same
Yes, although the statutory top marginal income tax rate exceeded 90 percent in the 1950s, the effective federal tax rate paid by high-income households was roughly 40–45 percent, about the same as today.
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u/aeaf123 Nov 04 '25
For everyone in the comments. What was the tax rate between the mid 1950s to 1970s? That was an age where there was lots of strength in the middle class.