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52% Top Corporate Tax Rate in the US in 1964

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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.

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