[rightwingcrazy]

“Those making under $20,000 per year paid no tax.”

Based on inflation tables, that’s equivalent to almost $600,000 per year in 2022 dollars.

[hanamizu]

“Those making under $20,000 per year paid no tax.”
Based on inflation tables, that’s equivalent to almost $600,000 per year in 2022 dollars.

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This, of course, is how the income tax was sold to the people. Only the rich had to pay it! I think it pretty much stayed that way until the New Deal/WWII when finally the average guy’s salary was subject to the tax.

I think they’re trying the same thing again with the ‘wealth tax’. Only the very rich will be subject to it. For now.

[TexasGator]

““Those making under $20,000 per year paid no tax.””

Not according to Line 7.