Federal Deficit

THE TAX ATTIC with Jerry Coon

June 30, 2011 // 0 Comments

Dealing with the federal deficit Jerry Coon I listened to a very interesting presentation last week about the history of federal tax rates from the beginning of our income tax system, 1913, through 2011. The tax rates were a maximum of 6% in 1913. They stayed at that rate until the World War I had to be paid for, when they rose to a maximum of 73%. The rates went up and [...]