Cenk Uygur: The Big Republican Lie on Tax Cuts "When you look to see what that right level is in our history, what you find is very interesting. In our glory years between 1945-1965 (these are the years that the Republicans dream of going back to), the top marginal tax rate fluctuated between 77% and 94%. I was stunned when I first learned that. People's heads would explode if you suggested those levels now. Yet, it worked for us for decades as we built the great American middle class and our manufacturing base. The second interesting fact is what happens when we have historically low taxes. From 1925 to1931, the highest marginal tax rate was as low as it has almost ever been - between 24-25%. And between 2003-2010, the highest marginal tax rate was also at one of its lowest points - 35%. So, what happened when we had these really low tax rates? The Great Depression and the Great Recession." Keep on lying dumbasses.