"Progressives should not make the same mistake that Ernst Thälmann made in 1932. The leader of the German Communist Party, Thälmann saw mainstream liberals as his enemies, and so the center and left never joined forces against the Nazis. Thälmann famously said that ‘some Nazi trees must not be allowed to overshadow a forest’ of social democrats, whom he sneeringly called ‘social fascists.’
After Adolf Hitler gained power in 1933, Thälmann was arrested. He was shot on Hitler’s orders in Buchenwald concentration camp in 1944."
Eisenhower’s presidency did see some tax rates above 90%, but that figure only applied to the individual income taxes of top earners. For married people filing jointly in 1953, for example, any income above $200,000 was taxed at 90%, above $300,000 at 91%, and above $400,000 at 92%.
For someone who claims to know a lot about history, you sure are short on facts.
And if history is a ‘physical process’ post some pictures of it working. Not pictures of people doing things, because that would prove my point. A discrete physical embodiment of history, please.
Why didn’t that rate apply to corporations?
Too bad you don’t own a computer. You could use it do your own research.
Corporate rates were also higher. 50% in 1940. In general, corporate taxes are lower than personal taxes because they encourage people to invest their money instead of hoarding cash.