Here we go
Yet in the 1950s incomes in the top bracket faced a marginal tax rate of 91, that’s right, 91 percent, while taxes on corporate profits were twice as large, relative to national income, as in recent years. The best estimates suggest that circa 1960 the top 0.01 percent of Americans paid an effective federal tax rate of more than 70 percent, twice what they pay today.
Send a check to the IRS, champ, show us the way.
Today, of course, the mansions, armies of servants and yachts are back, bigger than ever
This is a guy who makes millions a year as a teacher, writer, columnist, and speaker. He lives in nice McMansion. Write a check, pal.