COMMUNITY NOTED capitalist xisters help is this true

Yes but nobody paid it.

https://taxfoundation.org/data/all/federal/taxes-on-the-rich-1950s-not-high/

I picked the first google link so if it's wrong

Mfs out there implying 1950s uncle sam was giving people UBI or sum shit

Yeah but also not really, no.

According to Emmanuel "Big Peepee" Saez, the top income tax rate in the 60s wasn't actually much higher than it is today because of lower tax on capital gains and big deductibles.

The tax code was more progressive in the 60s but that comes from estate and corporate taxes.

!neolibs !commies !picklerick

It was certainly the tax rate, and not that America was basically the only country not in shambles after the war, had a large manufacturing base, and under the new Bretton Woods system the world economy was pegged to the value of the dollar.

It's a false premise first of all.

73% of the 1954 budget was for national security,

Compare that to 2024 when it was only ~19.5%, so the idea of higher taxes directly translating to high qol is revisionist garbage.

If you're interested, this https://www.concordcoalition.org/issue-brief/historical-tax-rates-the-rhetoric-and-reality-of-taxing-the-rich/

Provides some good explanations of why increasing tax rates at the highest bracket doesn't really work. Check the graphs

Note: This was before homosexuals and blacks became acceptable parts of society in US.

"Socialism works only if your society is heterosexual and no blacks" - Carl Marx

Nobody pays that kind of tax rate you just keep your money in corporations and trusts

I dont imagine the effective tax rate was much more than it is now

America could be pretty fricky in old timey days It used to be illegal for private citizens to own gold

I doubt people were actually paying those rates unless they were stupid

It was mostly ww2 stuff, the tax rate had to be cut by the late 60s due to stagnation

No look how stupid and convoluted the tax code is now and realize that is really simplified to what it used to be. There used to be so many loopholes that the while the richest paid more than today really it was only like 40-45%. Look up collapsible corporations where the top actors would make fake businesses and have the movie studios buy shares of the business instead of being paid since capital gains tax was limited to 25% and corporate tax was 50%.

That's the income tax rate. Rich people aren't rich from income, they're rich from capital. There were also way more deductions and tax loopholes back then. If this were implemented today it would basically just screw over doctors.

Ketamine daddy's income from SpaceX and Tesla is $0

Combined capital gains (most rich people's money) was actually higher than the 50s recently until the Trump tax cuts came into effect. Before this the US had one of the highest corporate tax rates in the world.

This is what Regan ran on.

It's actually stupid as frick cuz there was no capital gains tax then.

Leftoids stop being counterproductive for 5 minutes challenge level impossible

The prosperity part is a different question than the tax rate but yeah such was the rate. Few would pay as such rates either encourage extreme reinvestment or the obliteration of those who could pay such in the first place (and the latter might have well been partially the goal).

It was because Europe was war fricked and they had to buy American goods. We aren't getting back to the 50s without more European excellence.

It was made possible by a world war and massive military spending and nationalism.

You would be a desert rat hebrew, knew before I even clicked. I can't wait until Jesus throws you in the pit, demon.

You have no idea how much the goyim have noticed.

Snapshots:

https://x.com/mcsquared34/status/1896369014575697938:

• ghostarchive.org

• archive.org

• archive.ph (click to archive)

9% of a 100 billion dollars is still more money than you'll ever have, sweaty.

I mean it's more factors than that. The culture was different. Ever since then for decades we perpetuated a "I have mine, you go get yours" mentality

commies ran the gov in the 50s

There was zero capital gains tax among other things so high earners just got paid in different ways

They did it in the past so it must be a good idea.