alt Hacker NewsNo one actually paid 90% income taxes. I wish that myth would go away.
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mrguyorama • yesterday at 6:36 PM
So nobody would mind going back to that reality right? Companies would totally pay less in taxes than they do now, right?
Oh, they fight that actually.
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Of course because that’s how marginal tax rates work.
As to how much actual money was taxed at 91%, we don’t really have records for that but certainly the top 0.01% paid significantly more in taxes as a rate than they do today.