07-12-2020, 06:16 PM
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Senior Member
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Join Date: Mar 2017
Location: ABQ, New Mexico
Posts: 36,633
Thanks: 3,506
Thanked 136,542 Times in 22,784 Posts
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A few months after the attack on Pearl Harbor, President Franklin D. Roosevelt proposed a 100% income tax. In a letter to Congress, he wrote that in this time of "grave national danger ... no American citizen ought to have a net income, after he has paid his taxes, of more than $25,000 a year" (equivalent to about $419,370 today).
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