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Colonial protest against British taxation policy
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Act of the Parliament of Great Britain which imposed a direct tax on the British colonies in America.
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The U.S. imposed income taxes during Civil War
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16th Amendment was ratified permanently legalizing an income tax.
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Income tax instituted. Less than 2 % of the population had to pay.
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Income tax top rate at 73%.
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Income tax. The top rate was 15%
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20 graduated step established for the income tax.
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Capital gains, a top rate 12.5%. Income tax top rate was 56%.
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Income tax, top rate 46%.
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He raised tax rates from 25 % to a maximum of 63% and Franklin Roosevelt boosted them to 79% later in decade.
