Tax Trivia

By Econ70 | 04/15/2013

In 1934, individual income taxes were 14% of tax receipts, today they’re 47%. Similarly, social insurance and retirement receipts were just 1% but are 35% today. By contrast, corporate income taxes were just 12% in 1934, reached a high of 40% in 1943 and are now 10%, while excise taxes have fallen from 46% to…

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