Nice chart from Krugman: Taxes on the very rich are at historic lows

[pampango]

The Long Run History of Taxes on the Rich



We know that taxes on the very rich are at a historic low right now, which will go even lower if Mitt Romney wins. But how low, exactly?

All these estimates show that taxes on the rich are the lowest they have been in half a century. But what about before 1960? Well, we know that the top marginal tax rate was even higher in the 40s and 50s than in the 60s; and it was very high by modern standards through much of the 30s too.

So I think it’s safe to say that taxes on the rich are currently lower than they have been for not 50 but 80 years. And if Mitt Romney gets his way, we’ll bring those taxes down to levels not seen since Calvin Coolidge.

http://krugman.blogs.nytimes.com/2012/07/12/the-long-run-history-of-taxes-on-the-rich/

Thanks, again, Mr. Krugman.

[liberal N proud]

1. Yet they still fail to create those jobs we were promised.

[freshwest]

2. It should have never been lowered from Kennedy levels. They always take the money and run. It's in

Their business model, don't pay fairly for anything since it increases proftis. Not to nature, people, anyone.

[xtraxritical]

4. RepubliCONs constantly mouth off pladitudes about the deficit and they created all of it.

Bastard RepubliCONs, kick em all out.