Hacker News new | past | comments | ask | show | jobs | submit login

"Congress re-adopted the [first modern] income tax in 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000." https://en.wikipedia.org/wiki/History_of_taxation_in_the_Uni...

(1913 $3k -> roughly $80k 2020 in standard inflation adjustments. At a time when a recent-graduate civil engineer made ~$1k, or with 10 years experience in the low $2k's, according to https://libraryguides.missouri.edu/pricesandwages/1910-1919. A person making $3k was loaded.)




What are you trying to imply here?

This is about income tax. 6% on someone making 13mill (2020$'s) a year seems fine


I'm answering a rant about how unreasonable it is for a nonwealthy person to care about a wealth tax. The income tax was sold to us as a tax on only very high earners, a tiny percent of everyone.

(I think it's fair to characterize rhetoric that starts with "disingenuous whining" and goes on from there as a rant.)




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: