, 3 tweets, 2 min read Read on Twitter
For the last time, a 70% top marginal tax rate is not a "far-left idea." It was the longstanding American tradition until Reagan.

The top marginal tax rate:

1945: 94% (Roosevelt)
1957: 91% (Eisenhower)
1964: 77% (Johnson)
1973: 70% (Nixon)
1986: 50% (Reagan)
2018: 37% (Trump)
From 1919-2019, the only two periods when the top marginal tax rate (paid by the wealthiest Americans on only the top part of their income) dropped below 50% was in the 1920s before the Great Depression and in the late-to-post-Reagan era from 1986-present. fred.stlouisfed.org/series/IITTRHB
In recent decades, the share of federal revenue coming from payroll taxes has grown while the share coming from corporate taxes has dropped. - Center on Budget and Policy Priorities cbpp.org/research/feder…
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Keith Boykin
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!