May 8, 2025
Analysis
Why the rich paid less tax in the 1970s – despite 98% tax rates
It’s sometimes said that we should go back to the tax system of the 1950s, 60s, and 70s, with very high rates of tax on the highest earners. We’ve spoken to people who were around at the time – both tax avoiders and HMRC officials – and looked at the data. Our conclusion: the apparently […]
