Kennedy dropped it to 70 percent
I am willing to go with JFKs tax rate for the highest bracket. Conservatives honor him for giving us a 70% tax rate
You cited 1963, the rate was lowered in 1964 to 70%.
We also had 26 brackets. TWENTY-SIX!!
Earning only $500.00 your tax rate was 16.5% ($3,900.00 today)
Earning $5,000.00 your tax rate was 23.5% ($39,300.00 today)
Earning $10,000.00 per year, your tax rate was 34.0% ($76,000.00 today)
That sure would be cutting the deficit and the debt in short order.
That 47 percent which is paying nothing in income taxes today would be making huge contributions.
Good for you!