Franklin Roosevelt raised the top rate to 79% in 1936 [...]. It was said that John D. Rockefeller was the only person in the entire United States who paid so much as a penny of tax at the top rate.
Here's the source. I have come across this anecdote before - does any reader know whether it's actually true?
I googled this like mad, but couldn't find anything solid. I'm very curious to find out if anyone knows the answer.
ReplyDeleteI believe it to be true but wouldn't be able to prove it.
ReplyDelete