A Look at the 1913 Income Tax Form

Tuesday, 12 February 2013 | by Pat's Picks

Today is an unhappy anniversary. It’s the 100th year since the federal government instituted the permanent income tax. To celebrate, the New York Times prints the original tax form from 1913 so you can see for yourself what’s changed over the years. For starters, the filing date is a month and a half later. And the tax brackets are wildly different too. Today, an individual pays the top rate (39.6 percent) if they make more than $400,000 a year. In 1913, those who made above $500,000 ( about $11.2 million today) were required to cough the top rate…of seven percent.

SOURCE: New York Times