How has the top US income tax rate changed since 1950?
Top tax rates have gone down a lot. Growth rates have fluctuated but mainly gone down. The deficit has risen.
Facts
1.
The top US income tax rate has dropped from 92% to 37.5%.
2.
Annual growth rates have mainly declined during this period.
3.
Factcheck us yourself: https://www.taxpolicycenter.org/
4.
Factcheck us yourself: https://www.whitehouse.gov/
Sources
1. Tax Policy Center: https://www.taxpolicycenter.org/
2. The White House: https://www.whitehouse.gov/
Test Your Knowledge
Which is true about tax rates in the USA over the past 60 years?
Correct!
Wrong!
US Tax Rates
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