wat0n wrote:You could read some of the examples of loopholes from the 1950s in the LA Times article.
You really didn't think people were somehow all nice and willing to pay taxes back then, do you?
I didn't say that there were no loopholes in the 50s. I'm not going to try to prove it either way, because I'm not an expert. It is just my opinion, YMMV, and apparently it does.
The lurkers wiill have to decide for themselves. One article which likely was written to slant the result proves nothing. Warren Buffet famously said over 10 years ago that it wasn't fair to him that his Secretary paid a higher tax rate than he did. Here I'm assuming he meant take (for both) total dollars of all Federal taxes paid / total income, and compare the resulting percentage. Or maybe taxible income.
No, I didn't think the rich liked paying taxes in the 50s, but maybe they like it less now.