After WW2 tax rates for the rich (annual earnings of $200k or more) were as high as 94%.
After that the maximum tax rate didn't drop below 70%
Until Reagan.
Until then a middle class family could own a home, have a yearly vacation, own a pet etc on a single wage.
Now the average wage in the US is 51k, which even with the bare minimums cannot make ends meet.
After that the maximum tax rate didn't drop below 70%
Until Reagan.
Until then a middle class family could own a home, have a yearly vacation, own a pet etc on a single wage.
Now the average wage in the US is 51k, which even with the bare minimums cannot make ends meet.
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