High Taxes and American Greatness

High Taxes and American Greatness

The Golden Era of American Greatness occurred in large part thanks to the highest taxes in U.S. history, as shown in the graph below [1]. Those taxes paid for an unprecedented national infrastructure, massive technological innovations, advanced education, a relatively effective government, social programs to stave off another Great Depression, and the most powerful military forces in human history. Those sky-high taxes were mitigated by a complex system of exemptions. Taxpayers (corporate and otherwise) who invested money back into the country – and who thus sustained the economy and society with methods other than government tax-funds – could lower their Read more »