Post #1833294
2026-04-19 03:22 UTC
@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
Replies (1)
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@BLatro@vis.social 2026-04-19 04:04
@billbennett And NZ was very similar... 1930: 25% 1945: 90% 1965: 68% 1990: 33% From here... https://teara.govt.nz/en/graph/21532/top-income-tax-rates