Post #1439680
2026-04-19 01:13 UTC
When I was a kid growing up in England seriously rich people had to pay a Super Tax of 95%. The Beatles even wrote a song moaning about it.
The idea seems almost unthinkable today, but that was the "swinging sixties", a time of great optimism.
Replies (2)
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@BLatro@vis.social 2026-04-19 03:22
@billbennett Same as in the US. They started raising the top tier tax as a response to the Great Depression (when it was about 25%) until it was over 90% in 1944. It started dropping again in 1964, hitting a low of 28% in 1988. https://www.davemanuel.com/us-income-tax-history.php
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@leighelse@mastodon.nz 2026-04-19 04:29
@billbennett I recall that in the late forties Lord Nuffield was paying a marginal tax rate of 19/6 on every pound.