And Now Our Moment of Zen…
April 13th, 2007 Posted in dad, life, the good, the bad, and the otherwise, what's going on??
The highest marginal tax rate in 1913 was 6%, which applied to income above $500,000, equivalent in today’s dollars to about $10 million.
Income taxes in 1913 were actually assessed on income above the personal exemption of $3,000, equivalent to $61,000 today
