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Old 01-26-2012, 10:55 AM
Danzig Danzig is offline
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Join Date: May 2006
Location: The Natural State
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from what we were told the other day, it was a very high % on top earners. i'll have to look it up, but i believe it was in the 60's or maybe higher.


here's an article i found:

http://martha-r-gore.suite101.com/us...century-a83122


guess i beat the 'libtards' to it. lol



'The 1916 Revenue Act was in force when America entered World War I. The need for money increased so the lowest tax rate was raised from 1 percent to 2 percent and the top rate to 15 percent in excess of $1.5 million. It also imposed taxes on estates and excess business profits. The War Revenue Act of 1917 lowered exemptions and further increased tax rates. Taxpayers with $40,000 faced a 16 percent rate and for individuals with income of $1.5 million, the tax rate was raised to 67 percent.

In 1918, tax rates were raised again with a bottom rate of 6 percent and a top rate of 77 percent. Although only 5 percent of the population paid income taxes at that time, the income was able to fund one-third of the cost of World War I.'
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