[csa]

> marginal tax rates reached 94% in 1944 on income over 200k in the US.

Tell me you’re young without saying you’re young.

Those headline rates were not the rates actually paid.

The quantity and scope of tax write offs at that time were substantial and often generous. The tax reform act of 1986 lowered the headline rates and substantially reduced the scope of deductions.

As such, referring to that “high taxation” era as some sort of halcyon days due to the tax rates is quite misguided.

If you ever want to hear a tax accountant get excited, talk to one who was practicing in the 80s. The stories you will hear…