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2024-04-15 23:50:52

Bill Cypher on Nostr: In case those numbers don't make it real enough. At those rates and brackets person ...

In case those numbers don't make it real enough.

At those rates and brackets person with a million dollar annual income owed $9050 in annual income tax (both in today's dollars).
In 1913 when income tax became permanent in the US the brackets were...

1% on income over $95,000 of today's dollars.
6% on income over $16,000,000 of today's dollars.
Author Public Key
npub1qyxlpj2gl6dt2nfvkl4yyrl6pr2hjkycrdh2dr5r42n7ktwn7pdqrdmu7u