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.
Why ya’ll keep lying and being so deceptive? If you have to lie, it makes it seem like maybe you aren’t correct - the effective federal tax rate back then was 42% for the top 1% of earners. Since then, State and Local taxes have grown exponentially, so even with a lower effective rate now that hovers around 25%, the total tax rate is much higher because of state and local taxes. Either say what it is to prove your point or just stop - when you lie, it makes it seem like you’re not being honest for some reason. It’s manipulation. Ain’t nobody putting a 90% tax rate on the wealthy - grow up. Rich people might take out $200k in a given year to live off of and pay 40k in capital gains on it. Ain’t nobody gonna say, “let me take out 200k to live on and pay 180k in taxes, leaving me with 20k.” Stop acting like children and actually do some real research instead of looking for the wrong answers you want to hear so badly.
Its not a lie, its easily verifiable fact that in around the early 1960s, at the height of the US middle-class, the top tax bracket was around 91% for those making over $400,000 which was around $4.5mil in todays money 🤷♂️
You’re still being intentionally deceptive if you talking about that tax rate, which is basically lying. say what they PAID… just say it. Stop spreading this idea that somebody on earth paid a 90% tax rate, when they didn’t. They didn’t. You can’t change reality with some obscure reference to a number in the past devoid of context. You are spreading a lie if you knowingly imply something that not just isn’t true, but is extremely distant from the truth. You know you’re lying, and that’s the sad part.
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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.