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Why Wealthy People Pay Less Taxes Legally

Valuetainment

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What's the Big Bill With 94 %?

At one point, the top marginal tax rate in 19 forty four was 94 % for any income above 200 thousand dollars. John f kennedy was the first president to really look at taxes as what if we reduced taxes? Would that stimulate the economy? What if we didn't have such a high tax rate? And what he found was, ya. I mean, it actually did stimulate economy. We only have two tax rates im after the 19 86 act, right after the nineteeneghty six act.

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