Some of the money is going to go to some private company.
If a tax rate was at 92 percent (like Eisenhower) does that mean 92 cents for every dollar goes to the govt?
That was the tax rate for people who made more than 400.000 a year back then. For every dollar they made, they paid 92 cents to the Gov. Now its about 35 cents for each dollar. (But there were ways around that tax, like putting it into long term investments etc. It was to encourage the high earners to put the money back into the hands of the people)
Back then there were so many deductions that no one except the terminally stupid paid 92%.