The Revenue Act of 1913 established a graduated federal income tax rate structure, starting with a 1% tax on annual incomes over $3,000 (equivalent to $90,000 in 2023 dollars) and a top marginal rate of 7% on income over $500,000 (equivalent to over $15 million in 2023 dollars).

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 (1)

• U.S. federal income tax system concept