Content by Seb Murray
How to Set Top Tax Rates Without Deterring InnovationThe debate over taxing the highest earners overlooks the importance of encouraging new ideas, argues Charles Jones
Mon, 10/24/2022 - 11:42
The highest marginal rate for federal income taxes peaked in 1944 at 94 percent. It dropped in the ’60s and again in the ’80s. In 2017, tax cuts signed by President Donald Trump set it at 37 percent—around the average of where it had been for the…