Tax Day remembrance: The top rate was once 91%. The corporate rate was 52%. The capital gains rate was 25%. The tax on top estates was 77%. But the tax take was only 16% of national income.
Why is there a shortage of Adderall?
How the DEA is creating drug shortages.
Missile defense: Beginning in the Reagan administration and right up through the GW Bush administration, many experts and many more nonexperts claimed it couldn’t work. “You can’t hit a bullet with a bullet,” was a popular catchphrase. But on Sunday, that is exactly what US/Israeli defense forces did – with incredibly accurate precision.
If I recall correctly, the top capital gains rate was 70% before 1982. Nowadays the term “unearned income” better describes Congressional salaries.