Interesting Tax Rate Link

Discussion in 'The Bench' started by carcrazy455, Mar 15, 2010.

  1. carcrazy455

    carcrazy455 Well-Known Member

    FYI:

    For Information Only not for political discussion!

    This link will show the federal tax rates from 1940 until now with a brake down of how the money was spent!

    If you earned 3 million back in 1940 your tax rate was 75%. It goes up to 93% in 1944 and 1945. Wow that is a lot of tax.

    http://www.usatoday.com/news/washington/tax-rates-spending.htm

    Mike
     
  2. 2manybuicks

    2manybuicks Founders Club Member

    Yeah, it must have been those high tax rates on the filthy rich back then that kept our economy in the tank for all those years.:Do No:

    -- Steve
     

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