>>I remember my father’s joy when JFK cut a 91% top income tax rate.<<
If JFK had left that alone, wouldn’t have a deficit today. However, probably we would then also not the powerful economy we have.
That 91% tax rate, was for the bracket of those earning the equivalent today of around $4,000,000.
However, outrageous for a guy earning 4 mil to be left with only $400,000?!