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by slg 1805 days ago
What is considered "wartime stuff"? Because the US has been preparing for, engaging in, or recovering from war for basically the entire history of the country including today as we are currently engaged in the longest war in US history.
1 comments

Obviously that's referring to WW2, when the peak marginal income tax rate was temporarily raised to 94%. That was unsustainable because, absent a worldwide violent conflict, the highest income people will just emigrate to lower tax countries.

All of our wars since WW2 have been wars of choice. The survival of our nation hasn't been at stake.

> All of our wars since WW2 have been wars of choice. The survival of our nation hasn't been at stake

As if any of the world wars had the US' survival at stake. Being separated by other powers by oceans on both sides, and having enormous amounts of resources and manpower meant that the last time the US was at any legitimate threat was 1812.

So what about when the marginal rate was over 60% in the 1930s or when it stayed at 70% into the 1980s?