@JanetZumba_FalPals In 1955, corporations paid an effective tax rate of around 47.4%. This was significantly higher than the current corporate tax rates. For individuals earning over $1,000,000 a year in 1955, the top marginal income tax rate was 91%. This meant that those high-income earners were taxed at a rate of 91% on their income above $1,000,000. It's worth noting that these high tax rates for corporations and wealthy individuals during the mid-20th century were part of efforts to raise revenue for government programs and reduce income inequality.