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Monday, April 05, 2010

1913 Tax Form

Have seen this many times, but it is worth repeating, often. Mark Perry posts the US 1913 tax form, and comments: ' ... There were only four pages total including all forms and instructions, view it here. In contrast, just the current 1040 instructions, without any forms, runs 175 pages. Individual income tax rates started at 1% in 1913, and the maximum marginal income tax rate was only 6% on incomes above $500,000 ($11 million in today's dollars).... ' . See his links at original post. Note, it is about to get much worse, in complexity and amount.

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