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Subject:  Re: The Fiscal Cliff-Solving the wrong problem Date:  11/14/2012  12:21 PM
Author:  Hawkwin Number:  408467 of 479897

then how did the US economy do so well in the 1950s with a 90% top tax rate?

It is worth pointing out that in 1950, that top tax rate only applied to income over 1.8 million (adjusted for inflation).

Taxes were still very high on all other brackets.

As someone else mentioned, marginal rates is a no