That’s correct! It was 52% in 1964 until President LBJ signed the Revenue Act of 1964 lowering the top corp tax rate in the US down to 48%. Today, the top corp tax rate is below 30% for context.
My book, “Boomer Economics: Baby Boomer-elected Presidents and their Economic Impact” will be out in late 2023.
Richard Webb is the author of “Fat Burning Secrets” and has competed in amateur bodybuilding competitions for more than 10 years. Most notably, he has competed and won his division every time he’s competed in the famed Muscle Beach bodybuilding competition in Venice, California.
At age 60, he continues to be active in bodybuilding keeping his body fat consistently at 10-12%. For him, age is no excuse.
In his book he shares how working out and eating differently saved him over 12 hours per week of exercise time as a competing bodybuilder.
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