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Originally Posted by nfotiu
Why do you think the top 1% pays the top marginal tax rate. That does not appear to be the case at all in the 50s.
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That's the rate they started at, not paid. Just like the top 1% today start at 37% but usually pay less than 15% after deductions. It's a game, but the deck was stacked more in the favor of the average Joe back in the 50s. Today, the top 1% rarely pays their fair share, and corporations rarely pay any tax at all.
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I do agree that there is room to increase the taxes in the higher brackets and figure out how to tax all income high earners make. But to say that the top 1% was pay a 91% income tax at any time in US history is wrong.
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Sure, just like saying that the top 1% pay 37% right now. Back in the 50s the top 1% paid a lot closer to 91% than the top 1% today pay 37%. The systems have always been screwed up that way because of the imbalance in reductions that rich people get to abuse and poor people have no access to.