Sunday, November 3, 2013

Happy 100th Year of US Income Tax!

 It was in a "this week in history" item, who knew?

I like this part:

"The Treasury Department will likely collect around $4.9 trillion from income and payroll taxes in 2014. That's a huge jump from the $5.4 billion collected in 1920 and the $43 billion in 1945."

So, I looked it up and the population has tripled while the collected taxes have grown nearly a thousandfold? Wow.

Jul 1, 1920106.46 million
Jul 1, 1944138.40 million
Nov 1, 2012314.69 million

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