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by iaskwhy 3310 days ago
This is hard to believe but it is true[0].

[0] https://en.wikipedia.org/wiki/Pomperipossa_in_Monismania

2 comments

No It's not true that she paid more than she earned. Her marginal tax rate was 102%, this is extremely different than her effective tax rate being 102%.

It's still an incredibly high marginal rate, but is nowhere near as crazy as the implied 102% effective tax rate.

Thanks for explaining it, I'm not able to edit my previous comment but I stand corrected.
That lady wielded a very sharp pen.