Top Marginal Tax Rates

I have posted here the Top Marginal Tax Rates for the USA.

Are you noticing that the MRT went from 73% in 1921 to 25% in 1931? That is why its called the roaring 20's. The age of excess. The age of Leverage. The age of Debt. It all culminated with the Great Depression. Don't let anyone tell you any differently. The FRB started to hike rates as late as 1928 but it was too late. Some say it was the hiking of interest rates that caused the crisis. Tom Foolery! It was the leverage and debt from years of easy money via lower MRT and short rates that caused that calamity. The Great Depression like our Derivative Crisis was years in the making, no matter what the Fed/Gov/Treasury was going to do was going to avert the inevitable collapse of the system.

Blaming higher MRT and Higher Short Rates is just an excuse for ludicrous financial behavior.

This type of behavior permeates the country today. Higher Tax Rates are the devil. Blah Blah Blah.


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