11-09-2010, 03:26 PM
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#76 |
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Joined: Apr 2002 Location: Maryville TN Posts: 4,919
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Originally Posted by tlj009 "During the war he pushed for even higher income tax rates for individuals (reaching a marginal tax rate of 91%) and corporations and a cap on high salaries for executives. He also issued Executive Order 9250 in October 1942, later to be rescinded by Congress, which raised the marginal tax rate for salaries exceeding $25,000 (after tax) to 100%, thereby limiting salaries to $25,000 (about $334,000 today).[72][73][74]" Franklin D. Roosevelt - Wikipedia, the free encyclopedia | Awesome, thanks!
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