Top Marginal Rate after WWII was 92%, and most rich folks (after deductions that were geared towards helping keep the economy healthy) most paid at least 48%.
That was the same after JFK lowered the top Marginal Rate in 1961 to 71%.
Reagan and after, the tax burden shifted from the wealthy to working folks. And that was the problem. So did the wealth.
Rates do not equate to share of burden
From that right wing USA Today news
On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.
The 10% of households with the highest incomes pay more than half of all federal taxes. They pay more than 70% of federal income taxes, according to the Congressional Budget Office.
Truth is hard for the Left
In fact, it is their worst enemy
One more time.
Income taxes are only PART of the picture.
When you factor in sales taxes, gasoline taxes, Social Security, Medicare, state taxes, property taxes - the ugly truth is- the middle class is carrying the load, not the wealthy.
It's like you keep repeating this crap about the income tax with no critical thought at all.
Oh yes critical thinking
as you push the class envy crap with no basis
With bigger purchases and bigger houses and bigger incomes, do you think the "rich"
pay even more with those taxes
Just so you know, the gov't does not treat SS as a tax, but an earned benefit
since you get it back- funny I know
Too bad for the Left, it is not working
Actually the ugly truth the left wants to hide
You could take all the money from the rich and it would do
nothing for the problems
Since there are more middle class and if the left wants to pursue the failed
socialist policies, they will have to tax the middle class more and more
The US has a spending problem not a tax problem, no matter how
hard the left/concerned trolls try to make it otherwise
Anyone who says we are just a few taxes or spending cuts away from
fixing the problems- is lying.
Nor can you tax your way out of debt. Eliminate all of the Bush tax cuts, including the tax cuts for low- and middle-income Americans, and you would reduce the debt by perhaps 10% — assuming you didn't cripple the economy in the process. Tax the rich? That won't get you there either. In fact, according to the Congressional Budget Office, in order to pay for all currently scheduled federal spending would require raising both the corporate tax rate and top income tax rate from their current 35% to 88%, the current 25% tax rate for middle-income workers to 63%, and the 10% tax bracket for low-income workers to 25%
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Here boy