TIL that the line "There's one for you, nineteen for me" in the Beatles song "Taxman" was not an exaggeration - at the time, the highest UK tax rate was 95%.
Taxes went up around 1940, and just didn't go down.
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TIL that the line "There's one for you, nineteen for me" in the Beatles song "Taxman" was not an exaggeration - at the time, the highest UK tax rate was 95%. | Spyke
In 1963 it was 91% in the USA LBJ dropped it to ~70%
I'm clearly ignorant of history. Why was it so high in the 60s?
Taxes went up around 1940, and just didn't go down.