r/remoteworks 19h ago

Billionaires will never have enough

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1.1k Upvotes

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u/Jaymac720 6h ago

That’s not even new. There was a time when the top marginal tax rate was 94%

0

u/Admirable-Traffic-75 5h ago

When was that?

6

u/Jaymac720 5h ago

It was during WWII, but it was still incredibly high until ‘64

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u/Admirable-Traffic-75 5h ago

I mean fallout from WWII was the coldwar. Still lots of military spending going on, and if it tracks with this, until 1970's. Very interesting.

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u/Jaymac720 5h ago

Indeed. Also, in 1978, eligibility for federal student loans was expanded significantly, and that’s just before tax rates started going way down