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Old 12-13-2010, 12:24 PM   #11
Undertoad
Radical Centrist
 
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
Quote:
From 1951 until 1963, income over $400k was taxed at 91% or 92%.
Those numbers are simply not interesting in isolation.

* No adjustment for inflation. $400k in 1951 would be $3,267,908 today.
* No adjustment for what is considered income. The definition has changed.
* No consideration of taxing capital gains which happened at vastly different rates and different rules over time.
* Different world conditions, changing whether rich people were immigrating or emigrating and much more.
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