[gridlockd]

> Reminder that during the time generally pointed to as 'the good old days' (the 1950s) the top tax bracket was 85%

...but pretty much nobody in those brackets actually paid those rates:

https://www.bloomberg.com/opinion/articles/2019-01-29/hollyw...

(edit)

To the people who don't get the point:

Taxes never were that high in reality, so we can't draw any conclusions on what such a high tax would actually do.

People may have this fantasy about rich people that they're just hoarding money like a dragon hoards gold. In reality, rich people invest their money, which the government wants them to do, so they don't tax investments (capital gains) that highly.

[supergauntlet]

Is your argument that because people can evade taxes that we shouldn't collect taxes?

[oceliker]

The argument is that the 85% tax bracket was never really 85%, so it doesn't set a valid precedent.

[NeedMoreTea]

Which is surely an argument to be careful to avoid evasion loopholes?