Top Marginal Rate Low Historically

Friday, February 05, 2010

Source: Chart Porn via My Back Pages

It does seem inevitable that we will be seeing higher tax rates in America over the next few decades. As our workforce shrinks with retiring baby boomers, the rest of us will be forced to close the gap as well as pay down our current $14 trillion debt. Taxes are headed higher. Yet, even a 50% raise in the top marginal rate will still put it well below long-run average rates.
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