Tax rates were high in the 1950s, we often hear, yet economic growth boomed. So why should we fear higher taxes today? One answer is that taxes in the 50s. read more
The tax rates in the 1950s only existed on paper. The effective tax rate paid was much smaller. US tax rates in the 1950s are tricky subject to address and is fraught with misconception. Americans tolerated such high tax rates because those high tax rates applied to essentially no one. read more