So was the top rate in the USA. :)
Blackadar is right. In the 50s, the Republican’s idealized “golden age”, bottom was like 20-22%, top was about 92%.
/edit
Of course, federal government outlays looked rather different back then too. And there was that small matter of paying for World War II and Korea…
I also suspect the number of people in the 92% bracket who actually paid 92% was nil.
So Iraq and Afghanistan don’t need to be paid for?
Not to the tune of well over $4 trillion they don’t.
Sorry, I lost you. $4 trillion?
Cost of WW2 in adjusted dollars. Add the Marshall Plan, Korea, the strategic nuclear race with the USSR and there was a lot of money being thrown around. Eisenhower was the one who gave the military-industrial complex speech, and he was a deficit hawk.
True. It does seem though, that America is throwing a whole lot of money around.