[GrandMaster]

Originally Posted by BingoT

IRS TAX FORMS IN 1913

THIS IS INTERESTING I WONDER WHAT WAGES WERE AT THAT TIME, COULD’NT HAVE BEEN MUCH.

What did the IRS Form look like in 1913?

http://bp1.blogger.com/_otfwl2zc6Qc/...913_1040_1.gif

There is a much better quality copy at http://www.irs.gov/pub/irs-utl/1913.pdf.

Originally Posted by winbig

LOL!

Life was so much simpler back then....

Late payment = $20 to $1000? lol.....not in this day and age, that's for sure

It would be interesting to see what the "specific exemption" was to warrant $3-4,000 back then. The standard deduction now, 94 years later, is only ~$8,000.

Federal tax of 1%? *drool*

Life wasn't so good for long. From http://en.wikipedia.org/wiki/Income_..._United_States:
# During World War I the top rate rose to 77%; after the war, the top rate was scaled down to a low of 25%.
# During the Great Depression and World War II, the top income tax rate rose again. In the Internal Revenue Code of 1939, the top rate was 75%. The top rate reached 94% during the war and remained at 91% until 1964.