Why is it that when FDR Truman and Eisenhower were President of the United States and the Tax Rate on the Rich?
Why is it that when FDR Truman and Eisenhower were President of the United States and the Tax Rate on the Rich was 92% why is it that the Rich stayed Rich and did not become Poor or Middle Class ?
Tags: Eisenhower, FDR, middle class, President, president of the united states, rate, rich, States, tax, tax rate, Truman, United, United States, were
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October 9th, 2010 at 12:22 pm
They were rich because they had money in the bank. A tax rate of 92% on income doesn’t touch what they already had, but it severely limits their ability to acquire more.
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