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  • Tax Trivia Giveaway #1: Top Tax Rates

Tax Trivia Giveaway #1: Top Tax Rates

Kelly Phillips ErbJanuary 30, 2012May 28, 2020

Our first tax trivia question is:

In 1913, Congress levied a one percent tax on net personal incomes above $3,000, with a six percent surtax on incomes above $500,000. As the nation sought greater revenue to finance the World War I effort, the top rate of the income tax rose considerably. What was the top income tax rate during World War I?

For more about the giveaway, including rules and prizes, check out this post.

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Kelly Phillips Erb
Kelly Phillips Erb is a tax attorney, tax writer, and podcaster.
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tax trivia, United States Congress, World War

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One thought on “Tax Trivia Giveaway #1: Top Tax Rates”

  1. Kevin Murray says:
    May 23, 2012 at 8:13 pm

    I really appreciate reading your blog. There is some great stuff on here. Thanks, Kevin

    Reply

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