The 1940s were a time of great peril to the very concept of liberal democracy, so it’s perhaps not surprising that it was also the period during which the top tax rate hit its highest point. The final two years of World War II — 1944 and 1945 — saw a top tax rate of 94% on income over $200,000, the equivalent of just under $3 million today.
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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.