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Forum Post: The Rich never paid 90% in taxes back in the 50's

Posted 2 years ago on March 20, 2012, 8:17 p.m. EST by NOAMISRICH (28)
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Deductions galore baby! Nobody, but nobody, ever paid 90% (or whatever) in income taxes.

The rate was on the books, but nobody paid them.

3 Comments

3 Comments


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[-] 1 points by NOAMISRICH (28) 2 years ago

Yes OWS fans, we had very rich people back in the glory days of liberal heaven.

[-] 1 points by April (3196) 2 years ago

Exactly! The top "effective" rates were 50-60%. And people were still very rich! : )

[-] 0 points by BlackSun (275) from Agua León, BC 2 years ago

Old news.