Monday, 5 November 2012

100 Years of Income Tax - A US Infographic

100 Years Of Income Tax
Source

From the simply superb Infographic site, Visual.ly, an excellent graphic on the 100th anniversary of income tax in the USA. Note the periods when America enjoyed true booms coincide with a higher tax rate on the very highest income earners. Also note that the bottom rate of tax hasn't been anywhere near this low since 1940. Americans pay too little tax it seems for the amount of services they demand from their government now. Lastly look at CEO pay - unreal.

One great fact from it. When the top rate of tax was introduced it was 7% and only payable on $2m income - which translates to an income of $112B today!!