History of US Taxes

Here’s an interesting infographic regarding the history of US taxes.

President Lincoln enacted the first taxes in 1862 to pay for the civil war. The lowest tax bracket was 3%, while the highest was 5%. It was later repealed in 1872 until 1894 when it reintroduced again.

In 1913, the highest tax bracket was 7%.

In 1945, the highest tax bracket was a whopping 94%. Why do politicians love other peoples money?

Click on the graphic to make it larger.
History of US Taxes - Infographic

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