Was there ever a one-man top rate of income tax?


Franklin Roosevelt raised the top rate to 79% in 1936 [...]. It was said that John D. Rockefeller was the only person in the entire United States who paid so much as a penny of tax at the top rate.

Here's the source. I have come across this anecdote before - does any reader know whether it's actually true?



by datacharmer | Friday, July 06, 2007
  , | | Was there ever a one-man top rate of income tax? @bluematterblogtwitter

2 comments:

  1. Anonymous Says: 07/07/2007, 01:35  

    I googled this like mad, but couldn't find anything solid. I'm very curious to find out if anyone knows the answer.

  2. Tim Worstall Says: 07/07/2007, 09:38  

    I believe it to be true but wouldn't be able to prove it.

Post a Comment

Subscribe to: Post Comments (Atom)