Alexandria Ocasio-Cortez’s Tax Proposal Isn’t As “Radical” As Some Say
But a marginal tax rate, the tax rate for every additional dollar of income, of 70%, while higher than anything we have now, is actually not that radical. As Matthew Yglesias
writes over at Vox, top tax rates used to be much higher, with top earners paying a 91% rate under President Eisenhower. Under Presidents Kennedy and Johnson, the rate was around 70%, like Ocasio-Cortez’s proposal. It’s only under President Reagan’s tax reforms that it went down drastically.