Quote:
Originally Posted by Pete F.
Historically growth in gdp since 1930 has been 4% higher when we had the highest tax brackets, but I’m not claiming high taxes cause economic growth. But it does spike the canon that high taxes reduce growth
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The highest tax brackets for most of that era had so many loopholes that those rich folks usually paid much less in taxes than they do now. In many cases, those rich folks paid close to zero in taxes due to the loopholes.
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