For about four months in 1942-1943, Franklin D. Roosevelt set the highest tax bracket at 100% for any money earned over $25,000/year (about 1/3rd of a million dollars in inflation-adjusted dollars).
It was eventually repealed by congress. (Source)
July 19, 2011 by tinyfrog
For about four months in 1942-1943, Franklin D. Roosevelt set the highest tax bracket at 100% for any money earned over $25,000/year (about 1/3rd of a million dollars in inflation-adjusted dollars).
It was eventually repealed by congress. (Source)
Yeah, but we were at war, you know. Even Tea Partiers can figure out which side they should support in a war, most of the time.