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Reply #44: and virtually no one paid such rates [View All]

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Zebedeo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-30-10 09:26 AM
Response to Reply #41
44. and virtually no one paid such rates
because they only applied to those making $200,000/yr. or more in 1950s dollars (millions in 2010 dollars) and there were numerous exemptions, deductions and loopholes, such that it was all just an exercise in sheltering income so as not to get hit with the punitive tax rates.
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