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In this Issue |
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• In the News |
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Question |
Answer |
| What was the first year for the income tax? | 1913 |
| How long was the form? | Three pages with no schedules or attachments. |
| How many citizens paid the first year? | 357, 568 |
| How many citizens paid last year (2000)? | 128,000,000 |
| What were the first brackets? | 1% for income between $3,000 and $20,000, 7% for income over $500,000 (Wow!) |
| From 1944 through 1963, what was the lowest bracket? | 20% The highest bracket? Around 91% (Ouch!) |
| How many government entities have the power to tax you? | 68,937 - Better keep close tabs on your wallet. |