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When Income Was Taxed at 94%: How FDR Tackled Debt and Reckless Republicans
Americans making over $250,000 in 1944 — over $3.2 million today — paid 69 percent of their total incomes in federal income taxes, after exploiting every loophole they could find. In 2007, by contrast, America’s 400 highest earners paid just 18.1 percent of their total incomes, after loopholes, in federal taxes.
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"The enemy of my enemy is my friend."
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