America’s Long Communist History

Saw this chart a number of places over the weekend, but it graphs the highest marginal tax rate in the United States since 1920, and includes on the far right Obama’s proposed hikes.

As you can plainly see, Americans have a long history of motivating themselves to enterprise even in the face of innovation crushing, socialistic, free market murdering top marginal tax rates.

As a side note, this graph also illustrates that despite the best efforts of conservative apotheosizing, Ronald Raegan did in fact raise taxes. Little known fact.

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