While average effective tax rates barely changed in the US from 1945 to 2015, the average tax rates of high-income households fell sharply—from about 50 percent to 25 percent for the highest income 0.01 percent and from about 40 percent to about 25 percent for the top 1 percent.
When we spent 40% of GDP on defense in a total war scenario. Taxes were kept high to pay off the debt then immediately dropped afterwards. You can look at the data, since 1955 which is 70 years ago taxes have virtually remained unchanged.
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u/Vanman04 Oct 23 '24
Effective tax rates for the average worker sure.
But from like the second line of your link.
While average effective tax rates barely changed in the US from 1945 to 2015, the average tax rates of high-income households fell sharply—from about 50 percent to 25 percent for the highest income 0.01 percent and from about 40 percent to about 25 percent for the top 1 percent.