Rarely seen view of the top income tax rate over the last 50 years.  Obviously, no-one will ever publish the tax rate over the last 100 years because then it would go back to 0.

While it's going back up, no-one is going to pay it.  They'll just take more compensation as stock or stop working completely.  The top earners don't get paid on a payroll like the rest of us.  The only ones who will pay the new tax are going to be working class in Calif*.

It's long been accepted that the 80% bracket caused wealth inequality to be lower in the past, but why didn't all the after tax fortunes that were made before the 80% bracket persist after the creation of the higher tax bracket?  Another theory is the crash of 1929 caused everyone to become equally poor & it just took 40 years for the power curve to redevelop on its own.


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