Decided to take a break from my Dad's ledger to spend some time on the Cold War. 1956 was definitely a tense time in American History. President Eisenhower was dealing with Southeast Asia, planning an interstate highway system, and the potential atomic or nuclear holocaust that could occur at any moment. I was an innocent toddler at the time this booklet was published. We were racing to stay ahead of the Soviet Union but Eisenhower always told people what they were going to have to pay to enjoy some sense of security. The middle class had grown, industry was booming, and if you would like to see our debt compared to GDP check out this link. https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
Now, take a look at the tax brackets. https://www.tax-brackets.org/federaltaxtable/1956
This begins to explain how the middle class was so large and even if the wealthy had great accountants to reduce their taxable income Uncle Sam was still going to get a healthy percentage of your income.
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