@ the "no one cheated on taxes." We have that generation to thank for the current complexity of the Internal Revenue Code. The top marginal rate under Eisenhower was extreeeemely high, like 80-90%. However, very few paid this rate because so many shelters and other shady business was going on behind the scenes. The tradeoff came in 1986-lower taxes generally, but about 2 linear feet of regs to deal with to make people stop evading taxes.