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South Bay Poles

441
lawhawk2/01/2010 9:21:15 am PST

re: #434 Aceofwhat?

That’s nothing.

That’s for an estate tax where the income thresholds are in the millions of dollars.

As recently as the 1980s, the top tax bracket for income tax was 70% of income over $215,000. (Historical rates here). And during the 1950s-1960s, it got up to 91%. And anyone making any money back then would get hit at the rate of 20%.