News for hackers. Stuff that matters.

A comment on The foundations of America's prosperity are being dismantled. Parent comment

Re:The foundations of America's prosperity are being dismantled by jslezak on Saturday February 22, 2025 @02:49PM (#43142480)
MAGA dudes would like America to be “Great Again” but would like you not to Google what the top marginal tax rate was in the pre-civil rights era they are taking us back to (hint: it was 90%)
[ Parent | on HN ]
Re:The foundations of America's prosperity are being dismantled by smeeger on Saturday February 22, 2025 @02:51PM (#43142495)
this is a common myth. effective tax rate for americas wealthiest men has never been at those levels.
[ Parent | on HN ]
Re:The foundations of America's prosperity are being dismantled by Spartan-S63 on Saturday February 22, 2025 @05:26PM (#43143913)
They said it perfectly. The top marginal rate was 90%. The effective rate was much lower, but it effectively capped cash salaries, largely for executives.
[ Parent | on HN ]
Re:The foundations of America's prosperity are being dismantled by smeeger on Saturday February 22, 2025 @10:09PM (#43146060)
cash salaries arent important to executives or rich people. they are important to peons which is why they flap their gums about it so much.
[ Parent | on HN ]