hmm, now I'm curious, what did the tax brackets look like in the 1950s?

1953: over 50% of everything over $28,000 ($328,814.38 in 2024 money) goes to the feds, 92% of everything over $400,000 ($4,697,348.31 in 2024 money) goes to the feds. source: https://taxfoundation.org/data/all/federal/historical-income-tax-rates-brackets/

no wonder they cut taxes, the rich people were probably doing everything they could to avoid the tax man entirely. Some money from rich people is more than no money at all.