State Of The Union

[DuncanONeil]

This argument is an interesting take, however it isn't really supported by the data. The roaring 20's had the following tax rates on the top brackets:

1920: 73%
1921: 73%
1922: 56%
1923: 56%
1924: 46%
1925-1928:26%
1929: 24%
1930-31: 25%

I believe that is exactly what the young lady said!!
"And from 1921 to 1926, Congress worked to reduce the top tax rates. Eventually they got to top rates down to 25 percent."