Debates over taxes have continued throughout the decade. The Bush tax cuts ended after 10 years, expiring in 2012. And after an acrimonious debate, a compromise was reached where the top tax rate returned to 39.6% while the other cuts were made permanent. That didn’t last long, though, as Republicans passed another major tax cut in 2017 that brought the top rate down to 37% beginning with the 2018 tax year.
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2 thoughts on “Then and Now: The Top Tax Rates Over the Last Century”
Property taxes are illegal, because the property owner has to carry the expenses of the more numerous none property owners. Taxes should apply equally to all Americans.
It does. Cecelia, don’t you imagine that the property owners, by way of their financial advisors,are accounting for property taxes in the rents charged to their tenants? That would include commercial property, certainly. It simply makes sense to pass some of that on, since it’s a cost of doing business. Being a renter doesn’t indicate a lack of intelligence. I’m sure it’s also something your restrauranteur, jewelry store, furniture store, or other favorite place, consider when first deciding on pricing for goods and services.