Ok, maybe I missed something, but what exactly does the blue curve show?
The top marginal tax rate.
Yes, it was 90%+ for a while: http://www.truthandpolitics.org/top-rates.php
Yes, it was 90%+ for a while: http://www.truthandpolitics.org/top-rates.php
Summary chart: http://s.wsj.net/public/resources/images/ED-AH556B_ranso_200...