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Fox Nation takes a look at taxes: How Trump, Cuomo and the Rolling Stones have shaped the taxation debate

Added 04-16-21 06:29:02pm EST - “In the fifth, and final, episode of Fox Nation's special "An Unauthorized History of Taxes," anchor Bret Baier and his guest experts explore the contemporary state of taxation, and its cause-and-effect.” - Foxnews.com

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Posted By TheNewsCommenter: From Foxnews.com: “Fox Nation takes a look at taxes: How Trump, Cuomo and the Rolling Stones have shaped the taxation debate”. Below is an excerpt from the article.

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In the fifth, and final, episode of Fox Nation's special "An Unauthorized History of Taxes," anchor Bret Baier and his guest experts explore the contemporary state of taxation, and its cause-and-effect.

In the postwar West, taxation ramped up more exponentially than it had in previous decades, with extremely high marginal tax rates in both the U.S. and U.K.

As Baier notes, exorbitant taxation across the Atlantic in Great Britain during the late 1960s and 1970s drove the iconic Rolling Stones to the South of France to record what many consider their most popular album -- "Exile on Main St".

Escaping what economist John Tamny said during the special was an estimated 83% marginal tax rate and a 98% capital gains tax in England at the time, the band made its way quickly across the English Channel.

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