calystarose:

Dwight D. Eisenhower, Corporate Tax Rate: 90%

Why? Because high corporate tax rates create incentive for big business to spend earnings and expand (ie new locations, new hires, new equipment, and product r&d) which are deducted from taxable earnings, thus driving reported wealth into a lower tax bracket. Better to spend a majority of earnings on expansion than to horde it and pay Uncle Sam 90% of it. It’s not Communism, it’s responsible economics.

[above text on a photo of Eisenhower]

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