Wednesday, February 25, 2009

Marginal Federal Income Tax Rates

I saw an article recently by a prominent national business journalist in which he referred to the top marginal federal income tax rate in the 1950's and 1960's of 90% as "now unthinkable." What about our political culture has changed that would cause him to say such a thing? Is it a credit or a shame that what was once the law might be now "unthinkable"? Why?

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