Taxation in WWII by NELL MCKEON https://padlet.com/mckeonn/mdq2ch0kv9h9 Bennett and Nell en-us 2016-11-29 14:01:20 UTC 2025-09-28 14:24:45 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Growing.png Income Tax mckeonn https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140493613 Income taxing in the US began in 1940 by method of continuous withholdings from paychecks of every American. The average income tax rate reached a high of 20.9% in 1944]]> 2016-11-29 14:05:48 UTC https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140493613 Marginal Tax Rate dolane2 https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140494236 Most Americans today think that the 35% tax rate is too high, but in war time these percentages seem to skyrocket. After the attack on Pearl Harbor, the tax rate became increasingly high (up to 94% with the Revenue Act of 1942).]]> 2016-11-29 14:07:20 UTC https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140494236 Progressive System dolane2 https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140494730 the percent of tax you pay gets higher as your income increases]]> 2016-11-29 14:08:39 UTC https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140494730 1944-1945 dolane2 https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140496182 "most progressive tax years in American History"

]]> 2016-11-29 14:12:07 UTC https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140496182 Tax Rates in the Classes in 1945 dolane2 https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140497447 Impoverished: 1.7%
Middle Quintile: 8.9%
Upper-Middle: 10%
Wealthiest Quintile: 20.7%.]]> 2016-11-29 14:15:12 UTC https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140497447 A New Revenue Act dolane2 https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140499163 Caused the amount of people paying income taxes to increase from 7% in 1940 to 64% by 1944]]> 2016-11-29 14:19:05 UTC https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140499163 Statistics mckeonn https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140499713 Americans required to pay federal taxes went from 4 mil (1939) to 43 mil (1945).

Amount of money gov't took in:
in 1941--> 8.7 billion
in 1945--> 45 billion

Amount of money spent on war in 1945: 83 billion ]]> 2016-11-29 14:20:26 UTC https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140499713 dolane2 https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140499998 http://teachinghistory.org/history-content/ask-a-historian/24489

http://www.cbsnews.com/news/how-would-you-feel-about-a-94-tax-rate/

http://time.com/4289687/1942-tax-day-history/]]> 2016-11-29 14:21:06 UTC https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140499998 Patriotism dolane2 https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140502452 People were willing to pay taxes because they wanted to support their country by sacrificing their dollar for the men who were sacrificing their lives. ]]> 2016-11-29 14:26:12 UTC https://padlet.com/mckeonn/mdq2ch0kv9h9/wish/140502452