Prof. Mark Perry notes that the 1040 Form and Instructions in 1913 were just four pages total, and the top tax rate was 6% — of all income over $500,000, equivalent to about $10 million today.
Prof. Mark Perry notes that the 1040 Form and Instructions in 1913 were just four pages total, and the top tax rate was 6% — of all income over $500,000, equivalent to about $10 million today.
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