After the Second World War's boosts, top tax rates wouldn’t dip below 90% until 1964, when they plunged to 77%, remaining in that range until 1982, when they dropped to 50%. In comparison, for the tax 2013, the top tax bracket is 39.6%, kicking in at $400,000. Elvis remained in the spotlight since 1956 until his death, and he continued to tour despite health problems related to his lifestyle. Even when he didn’t tour, he made money, as was the case in the early 60′s, when despite having no personal appearances, he earned $5 million a year ($40,000,000 in today’s dollars). By 1973, he was still raking in money and, as if to give credit to his manager's assertion ("I consider it my patriotic duty to keep Elvis up in the 90 percent tax bracket", was Col. Parker's motto), he was allegedly the top taxpayer in the country.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "After the Second World War's boosts, top tax rates wouldn’t dip below 90% until 1964, when they plunged to 77%, remaining in that range until 1982, when they dropped to 50%. In comparison, for the tax 2013, the top tax bracket is 39.6%, kicking in at $400,000. Elvis remained in the spotlight since 1956 until his death, and he continued to tour despite health problems related to his lifestyle. Even when he didn’t tour, he made money, as was the case in the early 60′s, when despite having no personal appearances, he earned $5 million a year ($40,000,000 in today’s dollars). By 1973, he was still raking in money and, as if to give credit to his manager's assertion ("I consider it my patriotic duty to keep Elvis up in the 90 percent tax bracket", was Col. Parker's motto), he was allegedly the top taxpayer in the country." in the context of "Forbes magazine's Senior Editor Kelly Phillips Erb, in her article "Elvis Presley Topped Charts And Tax Brackets" as published in their Aug 16, 2013 edition" to mean that wisdom is timeless.