I know that during the eisenhower years, the top marginal rate was 91% for >=$200k taxable income and that LBJ reduced the top marginal to 70%, but then he installed a tarriff, automobile excise tax, the medicare tax, didn't adjust the brackets for inflation, and he started the AMT.
I imagine there were also probably more loopholes and/or deductions under the internal revenue code of 54. Is that true?
No wonder LBJ and Reagan are the post-FDR Presidents whom I hate most. Reagan because he was a liar and tricked people into thinking he was a libertarian (although to his credit, it's not his fault that those people were stupid), and LBJ because he was a classic authoritarian (medicare, tons of civil priveleges legislation, conscription, the VietfuckinNam War, wanted to get rid of the gold standard, Gulf of Tonkin incident, lack of ethics[if he hadn't stolen the U.S. senate election, he never would've become President])
I imagine there were also probably more loopholes and/or deductions under the internal revenue code of 54. Is that true?
No wonder LBJ and Reagan are the post-FDR Presidents whom I hate most. Reagan because he was a liar and tricked people into thinking he was a libertarian (although to his credit, it's not his fault that those people were stupid), and LBJ because he was a classic authoritarian (medicare, tons of civil priveleges legislation, conscription, the VietfuckinNam War, wanted to get rid of the gold standard, Gulf of Tonkin incident, lack of ethics[if he hadn't stolen the U.S. senate election, he never would've become President])
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