As a technical nitpick, Vanderbilt, Carnegie, et al were from an era when there was very little taxation at all. Taxation in the United States as we experience it today is a 20th century invention.
Also, while there was a 90% marginal tax rate at one point, the structure of taxes was quite different such that the effective tax rate of the rich was closer to 20%.
Also, while there was a 90% marginal tax rate at one point, the structure of taxes was quite different such that the effective tax rate of the rich was closer to 20%.