The only reason it was ever that high is because the tax code at that time was so full of loopholes/deductions/etc. (that are closed today) that you could have that be the rate with practically no one actually paying it.
What I’m trying to say is, don’t hold your breath for that to ever return in present day.
Just reinstate 1950s top marginal rates. Then have a drink after a job well done.
The only reason it was ever that high is because the tax code at that time was so full of loopholes/deductions/etc. (that are closed today) that you could have that be the rate with practically no one actually paying it.
What I’m trying to say is, don’t hold your breath for that to ever return in present day.
That quote and image combo don’t seem directly back up your justification.
And I’m not holding my breath. Our country is now run by those same rich people.