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Showing posts from May, 2010

Historical Income Tax Rates

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Before you say "BORING!!!!!", all you have to do is look at a picture. If you want a more time-consuming analysis, check out the wikipedia article . But anyway I found it rather interesting that the current top-tier tax rates are much, much lower than historical highs dating back to the 1910s. Now the top-tier individual back then was making $10,000,000 and up (in 2007 dollars) as opposed to the $400,000 or so and up of today so it is apples and oranges... But come on, a 94% income tax rate!?! Are we reverting back to feudalism or something? Ok, I've said enough. Just look at the picture.