@michael_w_busch@mastodon.online
2026-10-21 18:49 UTC
@coolcalmcollected@kind.social
The 1930s and 1940s top tax brackets were reversed under Johnson and Nixon - but that left the top tax bracket at about 70%.
We may blame Reagan and Bush 41 for cutting it far further (to 50% and then <40%).
Replies (1)
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@patrascan@ohai.social 2026-10-21 20:44
@michael_w_busch@mastodon.online @coolcalmcollected@kind.social with those high brackets came the growth of businesses specializing in packaging and selling tax shelters. Business was brisk in these products