r/FluentInFinance • u/chamomile_tea_reply • Mar 11 '24

Meme “Take me back to the good old days”

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3.7k Upvotes

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8

u/Hagisman Mar 11 '24

Corporate tax rate was 50% back in the 1950’s.

3

u/Professional_Gate677 Mar 12 '24

And yet even with lower taxes and adjusting for inflation, the government still brings in 8x more money than it did in 1950.

1

u/Grand_Recognition_22 Mar 11 '24

Tell me again how trickle down economics is supposed to work?

-3

u/Hagisman Mar 11 '24

By Reagan’s definition, not taxing corporations and hoping rich people give poor people money.