Wsj Your Money Briefing

How the Rich Avoided Paying a 70% Top Tax Rate

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Wall Street Journal tax reporter Laura Saunders explains how wealthy Americans avoided paying a top tax rate 70%, or higher, in recent history. Such a high tax rate was recently suggested by Rep. Alexandria Ocasio-Cortez (D., N.Y.) as a way to raise revenue. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.