Post Tagged with: "tax forms"

April 18, 2012 07:34

Today is Tax Deadline: Bring Us Back to 1913 (Or Better Yet, Take Us Back to Pre-Income Tax 1912)

Individual income tax rates started at 1% in 1913, and the maximum marginal income tax rate was only 7% on incomes above $500,000 ($11.6 million in today’s dollars).