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?


  1. Alex Says:

    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:

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