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A good time to mention that the top tax rate was over 30% higher 50 years ago.
what were tax receipts like though
The modern equivalent of $1.7 trillion was collected in 1974 compared to $5.1 trillion collected in 2024. However 213 million compared to 341 million today. Birth rates have decreased and expected life span has increased since then, so it can't be assumed that the same portion of the population is tax-paying. It's hard to make a 1 to 1 comparison.
When I’m rich I’ll be able to take advantage of these tax cuts though.
Yeah, any day now my $500 in Trump coin is gonna skyrocket. I'm even learning to play golf. While I can't afford a real set of clubs, work let's let me practice my putt during lunch.
Do you think Mar-a-Lago went with a clown or a windmill on their courses?
Tariffs are gonna make me a billionaire cuz of all my savings from egg prices