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Reply to "Harris tax plan - raising taxes on high earners"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Well I have hard life in America was pretty perfect circa 1958, so let's go with that highest marginal tax rate. https://en.wikipedia.org/wiki/History_of_taxation_in_the_United_States#:~:text=For%20tax%20years%201944%20through,tax%20years%201965%20through%201981. 91%[/quote] Nearly no one paid that. You cite a period of time when legitimate tax shelters abounded and you could generate deductions that were orders of magnitude larger than the economic investment. Investments that required a 5000 pay in could easily generate 50,000 in deductions. And these were available to anyone, not just the Ford and Firestone families.[/quote] Citation needed.[/quote]
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