1 of the tasty problems in Thomas Piketty’s Cash in the 21st Century is this assertion: “Roosevelt came to electricity in 1933 [and] instantly determined on a sharp boost in the major profits tax amount, which had reduced to 25 p.c….The major fee rose to 63 p.c in 1933.” FDR was clever enough not to hearth chat up possible revenue agents Getty Images Really the leading price experienced increased not decreased to 25 per cent, in 1930 from 24 percent in 1929. But that is a insignificant issue. When Roosevelt took business in March 1933, the top rated money tax charge experienced stood at 63 per cent for the prior…