Space Fact #18: When NASA Was Born, Top Earners Paid 90% in Taxes
/When Eisenhower created NASA, the highest earners in America were paying a top marginal tax rate of more than 90%; it is now just over 39%. (TaxFoundation.org)
When Eisenhower created NASA, the highest earners in America were paying a top marginal tax rate of more than 90%; it is now just over 39%. (TaxFoundation.org)
It really wasn’t that long ago when the two greatest superpowers were vying to put satellites into space. Now, 50 nations have their own satellites in low Earth orbit. If you’re a Thailand, say, you can call Space Systems/Loral, a Canadian-owned company based in Palo Alto, California, and tell them you want to put a satellite into geostationary orbit for television broadcasting or military communications. You can have the thing in orbit 25,000 miles above Earth within two years.