By 1932, the highest marginal federal income tax rate in the United States had increased to 63% on income above $1 million (equivalent to about $21 million in 2023 dollars), and this rate remained at or above 63% until 1980.

Authors

• Person: Not available Organization: National Council on Family Relations
  The Role of Taxation in Family Inequality: Possibilities for Reform

Sources

• The Role of Taxation in Family Inequality: Possibilities for Reform www.ncfr.org National Council on Family Relations via serper

Referenced by nodes (2)

• U.S. location
• U.S. federal income tax system concept