[flamberge]

Did the 50s really have 90 percent tax rate?

Yes. Almost nobody ever paid that rate.

Then, as now, the tax code was filled with exceptions and loopholes. And there are hundreds of provisions in the tax code which appear to have been written for specific companies or even specific individuals wealthy enough to rent a Congressman.

With the nominally lower tax rates of today, I suppose it must be somewhat cheaper to rent a Congressman (adjusted for inflation) than it was in the 50's.

[dp0622]

Wow.

“There’s one for you nineteen for me” in Taxman written by the Beatles was written because of the tax rate, I read.

I figured that was a mid sixties song.

Thanks for the info. Tax rate doesn’t matter. The loopholes do