It's confused with the top income tax rate in 1952 was 92% above $200K single, $400K married, and people still became millionaires. Corporate was 1st $25K @ 30% w/ everything over $25K @ 52%, while now the federal tax rate for C corporations is set at 21%. Any way you slice it it's far too low.
Brad Koehn ☑️
in reply to Khurram Wadee • • •False, and years old false meme.
usatoday.com/story/news/factch…
Fact check: Viral post exaggerates corporate tax rates under President Dwight Eisenhower
Valerie Pavilonis (USA TODAY)Rod Mesa
in reply to Khurram Wadee • • •Corporate was 1st $25K @ 30% w/ everything over $25K @ 52%, while now the federal tax rate for C corporations is set at 21%.
Any way you slice it it's far too low.