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A comment on Tesla's Musk Paid at Least $593M in Income Taxes in 2016. Parent comment

Re:Tesla's Musk Paid at Least $593M in Income Taxes in 2016 by njharman on Friday April 21, 2017 @04:11PM (#14169019)
Not that long ago we had 90% tax rate (70% effective) in USA. It's been plummeting since WWII https://en.wikipedia.org/wiki/Taxation_history_of_the_United...
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Re:Tesla's Musk Paid at Least $593M in Income Taxes in 2016 by loeg on Friday April 21, 2017 @04:21PM (#14169096)
That was a nominal but not realistic rate for the very wealthy / high income. IIRC, dividends were not taxed at that rate. More info from this commentor: https://news.ycombinator.com/item?id=14168781
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Re:Tesla's Musk Paid at Least $593M in Income Taxes in 2016 by njharman on Friday April 28, 2017 @01:27PM (#14221344)
70% effective as I wrote.

Today's top rates are no different, in that people including corporate artifcial ones don't pay it.

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