What a fricken joke' That's 70% tax is on income over 10 million a year. Anyone who lives in a country that allows them to make over 10 million a year should be happy to pay 70% over 10 million income a year. THese right wing wanks are all the same , Never the truth, at the most just a grain of truth. Just remember whenever they open their mouths , they are lying.Yep...nobody paid those rates, in fact the libs want to return to those laws because the benefited the rich the most.....there were so many loopholes and it was so complex, only the rich that could hire good lawyers and accountants could benefit.hhahahhah not even close,...JFK wouldn't have a chance in the DNC today...he barely did back then.....he was a Conservative, that supported equal rights, and understood the economy was better when taxes were cut, not raised...in particular in a recession.
That's the opposite of Xiden
JFK cut the top marginal rate to 70% from 93%. He was hardly a supply side crazy. When he did, it was Republicans who screamed he was fiscally irresponsible.
The 90 percent marginal rate heydays that liberals clamor a return to were replete with loopholes. So, if you want the return to 90 percent marginal tax rates, bring back the loopholes as well.
FACT CHECK: Did ‘Hardly Anyone’ Pay 90 Percent In Taxes Under Eisenhower?
Liberals pointed to high tax rates in the 50s after Ocasio-Cortez suggested a 70 percent ratecheckyourfact.com