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by niklasl
5428 days ago
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"This would not have happened 100 years ago when the top tax bracket was ~90%." Not to be too pedantic, but 100 years ago was a great time to be a millionaire, the highest tax brackets were inconsequential, the tax for the top bracket of $500,000 was 7%. Rockefeller didn't have too much tax planning to worry about. The high brackets came with the depression and later WWII. |
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