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The Tax Rate in the US in the 1950s
The US did so well in the 1950s because it was post World War II, Europe's infrastructure and factories had been destroyed. If everyone has a job and there's then yeah, the country's going to do well. The point being no one apparently paid that 90% tax rate. It became very difficult for them to levy taxes on anyoneBecause everyone was finding every loophole and they ended up taking in less tax.