While it only lasted the first half of the decade, World War II is clearly the defining event of the 1940s. The massive effort placed into mobilization and building the arsenal of democracy was costly, making the spending in the New Deal look paltry by comparison. And even after the surrender of Japan, the U.S.’s new position on the global stage would mean even more costs for things like the Marshall Program.
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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.