03-31-2009, 09:41 PM
Quote:I´m not doubting the claim. Can you show me an article/webpage about both the 99.5% line and the tax which applied only to Rockefeller. My google-chi is weak.
Well, nobody has ever claimed that the 99.5% rate was put into place, only that FDR once mentioned it, although right-wing commentary often brings it up as a handy anecdote for demonstrating that FDR was the devil.
The %79 percent tax rate can be seen on the Wikipedia page, or on the page from the treasury dept. that Kandrathe linked to. I first heard the point about Rockefeller in "The Undercover Economist", by Tim Harford. It can also be found here.
-Jester