A Patriotic Era

Sure, there were loopholes, but from 1950 through part of 1963 the top Federal income tax rate was at least 91 percent.  http://ntu.org/tax-basics/history-of-federal-individual-1.html

That was too high, but today’s rates are too low, I think.  That opinion and those opposing it are as subjective as theology.

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Author: patoglesby

From 1982 to 1990, I worked in tax policy for Committees of the United States Congress. In recent years, I was Adjunct Lecturer at UNC-Chapel Hill's Business School and then Adjunct Professor at its Law School.

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