During the 1960s,a period of high economic growth and low unemployment,taxes on high incomes in the United States and Canada were greater than 75 per cent.

Question

Quizplus · Accepted Answer

This statement is true. The top marginal income tax rate in the United States was 91% during parts of the 1950s and early 1960s, and remained above 70% until the mid-1980s. In Canada, the top marginal tax rate was over 80% during the 1960s.

During the 1960s,a Period of High Economic Growth and Low