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0 pointsdragonwriter4y ago0 comments

> The real rate collected under the 90% regime in the 50s on the top 0.01% of income earners was 55%, not terribly higher than today.

Its a time and a half the top marginal nominal rate, which is significantly above the real rate collected on the top 0.01%.

So, yeah, its much higher.

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ch4s34y ago

It’s higher but not nearly as high as people expect and didn’t raise a larger percentage of GDP in tax revenue.

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0 pointsdragonwriter4y ago0 comments

> The real rate collected under the 90% regime in the 50s on the top 0.01% of income earners was 55%, not terribly higher than today.

Its a time and a half the top marginal nominal rate, which is significantly above the real rate collected on the top 0.01%.

So, yeah, its much higher.

ch4s34y ago

It’s higher but not nearly as high as people expect and didn’t raise a larger percentage of GDP in tax revenue.

j / k navigate · click thread line to collapse