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The current top marginal tax rate in the US is 37%. From 1944 through 1963, the highest marginal tax rate for individuals was 91-94% on
- The current top marginal tax rate in the US is 37%. From 1944 through 1963, the highest marginal tax rate for individuals was 91-94% on nominal incomes of $200,000 ($2.4 million in 2009 dollars). In 1982 it dropped to 50%, creating a greater increase in public debt than we had seen for the sum of all years since the Revolutionary War (1776). Would you support raising the top marginal tax rate to at least 50% (e.g., on incomes > $2.5M) if a portion of it were earmarked for repayment of public debt that will otherwise have to be paid by your middle-class taxes?
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