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Elon Musk goes low against Zuckerberg as Twitter-Threads spat intensifies
(www.theguardian.com)
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this post was submitted on 11 Jul 2023
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Technology
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What the fuck are you on about
Not American but the US had an extremely high tax rate on the rich for most of its prosperous years. It was only recent removed and you now have massive wealth inequality
Well slap my balls, TIL.
Bet you thats why trusts and such were invented…
Also, the reason people throw out the 90% figure is because that's about what it was at the time. Granted most of the rich still managed to only pay ~70%.
Here's a couple jumping points: Historical chart, US tax history on Wikipedia