Historical Income Tax Rates


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.

Comments

Post a Comment

Popular posts from this blog

St. Thomas Aquinas & Grace Perfecting Nature

Image
Today is the Feast Day of the St. Thomas Aquinas. If one's size reflected one's influence, St. Thomas is just about right. Known as the Angelic Doctor and the Universal Doctor, his importance to philosophy, theology and ethics reigns supreme. He's pretty awesome. And a super-smart brainiac. And mondo pious. He'd crush you if he sat on you. He'd crush your high hopes of dissent with his logic and make you feel silly. He was so saintly and humble, he was gifted a  glimpse of the Beatific Vision.  He was the most reasonable guy out there, and at the same time was a mystic. He believed in miracles, and when he saw them, he didn't think it was out of the ordinary. Why should it be? He was the intellectual genius that lived in elfland and believed that "a tree grows fruit because it is a magic tree" as another man of considerable intellect and girth once noted.  Although talking about his body of work would and does take many lifetimes, I'd like to...
Read more

Khufu's Pyramid

Image
Every morning I generally sit at my computer for an hour or so and look to read things. I try to find something that is new to me that is interesting instead of perusing some almost-stranger's photos of his or her trip to Folly's Beach. Much to my chagrin, the latter creeps up more than I care to remember. This past weekend I stumbled across some articles about the Pyramids of Giza–Khufu's Pyramid in particular. Fascinating stuff. There is something super mysterious about this structure from antiquity. It's mondo old and big. It's survived over 4500 years of wars, famine, natural disasters, and looting. It's well preserved–the only intact Wonder of the Ancient World, and in my opinion, the most recognizable building on earth. The most intriguing of all, it tells us a great deal about the intelligence and craftsmanship of its makers, the Egyptians. Ok, we all know about the Egyptians to some extent and that they all wear eyeliner and don snakes for hats. Hey, I a...
Read more

Totally Awesome Person: Sgt. Yakov Pavlov

Image
Time for my first Totally Awesome Person Post. It is what is says it will be. Most of these people will be from the History vs. History post I did several months back. Other people will make it on the list as well, I got good suggestions for folks I had not thought of. So without further ado... Today's Totally Awesome Person is Sgt. Yakov Pavlov. Yes, he's a Russian. Better than that he's a Soviet who was honored with being named a " Hero of the Soviet Union " by Joseph Stalin. He also served in the Communist party. You are probably thinking: "Wow this Danny McNight guy is really open-minded to have written his first Totally Awesome Person post about a member of the Soviet Union. That takes a lot of courage." And to that I would say: "Heck yeah." But honestly, it doesn't matter where you're from if you accomplished what Pavlov did in the the fall of 1942. People should drink to his memory not for his ideology, but his sheer tenacity an...
Read more