TLDR Version: Yes, the America that fought in WW2 and The Cold War, put a man on the moon, passed The Civil Rights Act of 1964, and was watching Leave it to Beaver (The America that was Great!), had a Top Marginal Tax Rate that would make Bernie Sanders blush. See for yourself. Beginning with […]
Tag: taxes
The Rich Pay “All the Taxes” (Myth)
An article recently surface claiming that the rich pay “all of the taxes.” The reasoning behind the claim: The top 40% pay 109% of the federal income tax (lower income earners actually receive tax credits—hence why the seemingly impossible math, is in fact possible). The obvious problems here: The bottom 60% (actually, the bottom 80% […]