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I think you are also being a bit misleading, you do mention how much richer people are today but this really can't be overstated. In 1861, only 3% of the popula
by voxic11 6y ago
I think you are also being a bit misleading, you do mention how much richer people are today but this really can't be overstated. In 1861, only 3% of the population earned more than $800 per year. So the original income tax only applied to the very rich.
- giantg2 6y agoAnd wasn't it also supposed to be temporary to pay for the war?