Quote:
Originally Posted by Evets
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Also I thought taxes were supposed to be for war time efforts? anyone know the percentage of taxation now compared to 1940s?
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In 1944, the top rate peaked at 94 percent on taxable income over $200,000 ($2.5 million in today’s dollars3). That’s a high tax rate.
2018-2020
The highest income tax rate was lowered to 37 percent for tax years beginning in 2018. The additional 3.8 percent is still applicable, making the maximum federal income tax rate 40.8 percent.
01-22-2020, 05:46 PM
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