Quote:
Originally Posted by sarettah
Yep, that is why here in the U.S., the 1950's, when the highest bracket was 90%, are called the
prosperity years" because that tax rate made everybody move to a low tax country or stop building their businesses. right?
Oh, wait....
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Thats because the reality is back then only about 10,000 households made over $200,000 to qualify for that 91% tax bracket. Plus, the top 1% at that time managed to actually have a 42% tax rate. Also, the 91% only applied to anything over 200k, not your entire income. Deductions, under reporting, etc. I can go on forever, but this ghost haze is strong right now.