Did you know that the 90% tax rate was due to FDR's soak the rich agenda. The result was at no time in history did the lowest 50% of wage earners pay a higher % of the total income taxes paid. Now we are at a time when the highest wage earners pay the highest % of the total ever. When rates were high the wealthy parked their money into assets and commodities and generated no further income and along with it no new jobs. FDR's policies lengthened the depression and hurt low income people the most. He like Obama did not help the poor, only used them to retain political power.
Please get your facts straight...we still had the 91% top end tax rate through the Eisenhower term...it started to work its way down in the sixties...those were the times when jobs were plentiful...Think about it..if you were going to pay 91% in taxes you were going to cap your earnings..why give that much to the government...it did two things..it kept a cap on what people were willing to earn...and second, business owners wouldnt take big bonus's ...they kept the money in the business and expanded..upgraded...and HIRED PEOPLE...this talk is all Malarky about the top tier being job creators...the only job it will create is the extra hours given the the service that services, parks, and cleans their yacht.....by taxing the hell out of their income it will keep it in their businesses and that will create jobs....This whole republican theory holds no water....I am sick of Fox and their broken record rhetoric on this topic