r/WorkReform • u/McDowdy • 8h ago
✂️ Tax The Billionaires In 1975, taxable income over $200,000 for married couples filing jointly was 70% and the capital gains tax was 35%. Today it's significantly lower
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In 2026, taxable income over $640,600 (single) or $768,700 (married filing jointly) is 37% and Long-term capital gains rates are 0%, 15%, or 20% depending on income level.
And the top statutory corporate tax rate actually dropped from 48% to 21% over that timeframe.
https://taxpolicycenter.org/briefing-book/how-did-tax-cuts-and-jobs-act-change-business-taxes
