> income tax that caps out at 90%
Kind of like it was in the 50s back when America was "great again"?
Kind of like it was in the 50s back when America was "great again"?
The extremely high marginal rates that did indeed exist were not implemented as part of a tax regime nor were they enacted to redistribute wealth - they were a patriotic wartime measure enacted to ensure nobody got rich on war contracts.
They have almost no relation to our current discussion of tax rates and taxation.