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Items tagged with: MaginalIncomeTaxRate
#UShistory #Economics #Equality
(8/n)
...reduced the marginal #tax rate from 70% to just 50%. In 1988, #RonaldReagan and the #GOP slashed it even more to just 28%.👈
The only time in post-WWI #US history that the #MaginalIncomeTaxRate was even lower for a few years, had been in 1925 (25%), which proved to be unsustainable.
After that, it went back up to 39% and stands now at 37%..."
[For a more detailed discussion, see:
mastodon.social/@HistoPol/1099…]
"As #BarackObama’s...
HistoPol (#HP) 🏴 🇺🇸 🏴 (@HistoPol@mastodon.social)
@Mjo321@mstdn.social (1/4) I would like to make a counter proposal: Implement or expand: #WindfallProfitsTax, #WealthTax, #InheritanceTax It is not the obligation of the rich to pay 4 s.o. else's #Social #Security.Mastodon
