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Comment by CraigRo

The lengths that people would go to avoid paying those marginal tax rates was legendary!

https://www.latimes.com/business/la-fi-nocera-tax-avoidance-...

There were also a lot of 'perks' paid for by companies, and a lot of spouses who didn't bother working.

You can have a high marginal tax rate, but it tends to be economically counterproductive.

parent CraigRo 2 years ago

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