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submitted 8 months ago by grte@lemmy.ca to c/canada@lemmy.ca
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[-] originalucifer@moist.catsweat.com 46 points 8 months ago

in the united states, there were all kinds of 'wealth' taxes that prevented the loop holes. all that was systematically deleted over the last 60 years as conservatives decided 'me want money, fuck society'

[-] Sir_Osis_of_Liver@kbin.social 10 points 8 months ago

The top marginal tax rate in the US peaked in 1951 at 92% on income in excess of $400k (joint filing two income), the equivalent of about $4.7M in today's money. That should come back.

this post was submitted on 26 Feb 2024
564 points (92.7% liked)

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