No Stupid Questions@lemmy.world · 2 years ago

Is it really possible to tax the rich?

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No Stupid Questions@lemmy.world · 2 years ago

And what would happen if we did?

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2 years ago
The highest bracket was taxed at 70% until Reagan’s first plan in 1981 lowered it to 50%.

It’s currently at 37% under Trump’s 2018 tax plan.

https://taxfoundation.org/data/all/federal/historical-income-tax-rates-brackets/

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