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Income tax growth shown as Uncle Sam's main funding bite
A 40 year view from World War I to today tracks the rise of the income tax on individuals and corporations. The chart, based on National Industrial Conference Board data, notes Treasury figures for a four person family across incomes from 5000 to 200000, highlighting income tax as a favored revenue source except for two 1920s years and downturns.
MENTIONED IN THIS ARTICLE
Uncle Sam
National Industrial Conference Board
U. S. Treasury