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Thread: NSA Builds World's Largest Spy Center

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    Re: NSA Builds World's Largest Spy Center

    Quote Originally Posted by TheWalrus View Post
    Both parties were more liberal 50 years ago than they are today, especially on fiscal issues. 50 years ago the top income tax rate was 70-something percent.

    The Cold War period, especially the two decades right after WWII, was not some civil liberty paradise, either. HUAC, J. Edgar Hoover. Not good times.
    Though you are correct on the tax rate - the top marginal rate went as high as 91% which is slap insane - both parties were far more traditional if not conservative.

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    Hardly anyone paid that rate. There was plenty of write-offs and loopholes. Let's also not forget government spending was cut dramatically after WW2.





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    Re: NSA Builds World's Largest Spy Center

    Quote Originally Posted by Dolphins9954 View Post
    Hardly anyone paid that rate. There was plenty of write-offs and loopholes. Let's also not forget government spending was cut dramatically after WW2.
    Just out of curiosity, I wonder what the effective tax rate of the people in that bracket was? Has the tax burden shifted since then toward the middle or lower class? The lowest tax rate ran about 20% so I wonder what was exempted? They didn't have much for entitlements so I wonder how it was spent? Looks like a research project for a bored evening.

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