Monday, 26 March 2012 00:00
Last Updated on Monday, 26 March 2012 12:26
In "the good old days" of 1941, upper-income Americans paid far more in taxes than they do today, with some top earners paying as much as 73% of their adjusted gross income in taxes.
- The head of Bethlehem Steel had an adjusted gross income of $336,953 and paid $222,051 in taxes -- 66%.
- The head of MGM Studios had an AGI of $202,408 and paid $130,174 in taxes -- 64%.
- The head of IBM had an AGI of $476,029 and paid $329,666 in taxes -- 69%
- Gun makers Carl and Hulda Swebilius had an AGI of $893,593 and paid $650,389 in taxes -- 73%
Yes lets return to the tax rates of the good old days!
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