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Generated note
1918-21 top rates were 73%-77%, but only on income above thresholds. https://taxpolicycenter.org/sites/default/files/statistics/pdf/toprate_historical_6.pdf Even the over-broad top 1% had $3.135T in 2023 adjusted gross income, not wealth; a top rate cannot collect all AGI. Debt payoff alone needs about $7.8T/yr for 5 yrs before new programs. https://taxfoundation.org/data/all/federal/who-pays-federal-income-taxes-tax-year-2023/ https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v2/accounting/od/debt_to_penny?sort=-record_date&page[size]=1
Source post
Has anyone realized that if we taxed millionaires and billionaires by the same tax rate as the early 20th century, we would eliminate the national debt, be able to have free healthcare, school lunches would be free, community college would be free, and we’d still have a surplus within 5yrs.
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generate_note.pre_filter
- Started
- May 8, 2026, 04:43:37
- Finished
- May 8, 2026, 04:43:43
- Duration
- 5.74 s
Input snapshot
{
"post_text": "[Target Post]\nHas anyone realized that if we taxed millionaires and billionaires by the same tax rate as the early 20th century, we would eliminate the national debt, be able to have free healthcare, school lunches would be free, community college would be free, and we’d still have a surplus within 5yrs."
}Output snapshot
{
"has_factual_claims": true
}