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Why is it so hard to tax billionaires? (Part 2)
PJ Vogt
The story that historian Molly Mitchellmore told about creating the federal income tax in the 1940s about FDR, in that story, I hear us creating our modern country by getting everyone to pony up for it. And for several decades after, our wealthiest really did pay extraordinarily high marginal tax rates, as high as 94%.
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