Showing posts with label 100 years of US income tax. Show all posts
Showing posts with label 100 years of US income tax. Show all posts

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