L4sBotB to Today I LearnedEnglish • 1 year agoTIL that the line "There's one for you, nineteen for me" in the Beatles song "Taxman" was not an exaggeration - at the time, the highest UK tax rate was 95%.en.wikipedia.orgmessage-square3arrow-up115arrow-down10cross-posted to: [email protected]
arrow-up115arrow-down1external-linkTIL that the line "There's one for you, nineteen for me" in the Beatles song "Taxman" was not an exaggeration - at the time, the highest UK tax rate was 95%.en.wikipedia.orgL4sBotB to Today I LearnedEnglish • 1 year agomessage-square3cross-posted to: [email protected]
minus-square@DizzyMotionlinkEnglish3•1 year agoI’m clearly ignorant of history. Why was it so high in the 60s?
In 1963 it was 91% in the USA LBJ dropped it to ~70%
I’m clearly ignorant of history. Why was it so high in the 60s?
Taxes went up around 1940, and just didn’t go down.