"Progressives should not make the same mistake that Ernst ThƤlmann made in 1932. The leader of the German Communist Party, ThƤlmann saw mainstream liberals as his enemies, and so the center and left never joined forces against the Nazis. ThƤlmann famously said that āsome Nazi trees must not be allowed to overshadow a forestā of social democrats, whom he sneeringly called āsocial fascists.ā
After Adolf Hitler gained power in 1933, ThƤlmann was arrested. He was shot on Hitlerās orders in Buchenwald concentration camp in 1944."
Eisenhowerās presidency did see some tax rates above 90%, but that figure only applied to the individual income taxes of top earners. For married people filing jointly in 1953, for example, any income above $200,000 was taxed at 90%, above $300,000 at 91%, and above $400,000 at 92%.
For someone who claims to know a lot about history, you sure are short on facts.
And if history is a āphysical processā post some pictures of it working. Not pictures of people doing things, because that would prove my point. A discrete physical embodiment of history, please.
Why didnāt that rate apply to corporations?
Corporate rates were also higher. 50% in 1940. In general, corporate taxes are lower than personal taxes because they encourage people to invest their money instead of hoarding cash.
Too bad you donāt own a computer. You could use it do your own research.