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Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (2673)	11/10/2008 12:27:23 PM
From: TimF	Read Replies (1) \| Respond to of 3816

But its a much more important factor when you have much higher nominal tax rates. In any case once you establish that "top tax rates" do not equal "percentage taxed", it doesn't matter that it applies to both periods, your method of comparing the top tax rates has been shown to be faulty. Also not all of the 20s had such low rates. From the Revenue Act of 1918, to the Revenue Act of 1924, the top income tax rate was 73 percent. So tax rates for some parts of the periods in question where closer than you think.