78 • RUBY, WILDING & SWANSBURG
It tracks the top federal tax rate throughout history, usually from the early 1900s through today. It’s an encouraging chart. It shows that—historically sa pt eo at hk ei nr gt —i mtehsei nt ohpi smt oarryg,i lni ka le ttahxersattaer tt oodf at hy ei sRmo aurcihn gl oTwwe er nt ht iaens or following World War II. Looking at this chart, you might think, “Hey, things aren’t so bad today.” BThuet,pyrooub’dlebmewmiitshtatokpenm. arginal tax rates is that not many pp ee or cpel ne t .pBauyt tt hh ae tm9. 1Ypeesr, c ienn tt bh rea c1k9e5t0i ns , 1t9o5p0 rwa at esso nwl ye raep pnlei eadr 9 0 tmoihlloiounseohf oalndnsuwailthinicnocmome etoodvaeyr.$200,000—which is about $2 30 Very few people in 1950 were paying that rate. So, it’s not a great barometer of the overall tax environment. m Th o a r t e T ’s h c t a l h o t e ’ s s e m w ly i h d a y d l I i l g e li n k q s e u w i t n o i t t a i h l n e a . w l yhzaet aAdmi fef er irceannt smme aa syupr ea —y ionn teatxheast. 30 Erica York. Tax Foundation. May 31 , 2 022 . “Income Taxes on the Top 0.1 Ptaexrecse-notnW-theer-ernic’thM-1u9c5h0Hs-ingohte-rhiinghthe 1950s.” https://taxfoundation.org/income-
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