Obama's High Taxes And The Myths Of The 1950s Tax Rates

Obama's High Taxes And The Myths Of The 1950s Tax Rates - Investors.com
A final reason that the 1950s were different from today was American primacy.
In those years the U.S. might set its taxes, nominal or real, at whatever level it liked.
The only competition it confronted, after all, was from Europe, still recovering from World War II, or Britain, whose tax regime was even more confiscatory than our own.
Now, however, the U.S. must compete.
And this is where the U.S., with some of the world's highest corporate taxes, flunks.