wrote:
On Wed, 27 Sep 2017 15:38:03 -0400, Keyser Soze
wrote:

You mean, as in the Eisenhower era, when tax rates were so much higher?

People ignore the fact that there were a lot more loopholes in the
code that allowed anyone but game show winners and a few high salaried
people to shelter most of their income so that 90% rate did not affect
them that much. It is like Buffett (Warren or Jimmy) who pay a tax
rate around 12-15% in spite of a top rate of 39.6%.


Actually their tax rate is really a lot higher. All those dividends taxed
at the 20% capital gains rate were already taxed at the highest corporation
tax rate in the world. 39%. So that makes those double taxed dividends at
about 51%.