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During World War I, the top marginal income tax rate had shot up to 77 percent on income above $1 million ($23 million in current dollars), and when Mellon assumed office, it was still 73 percent.
- Simplified Text
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Top marginal income tax rate was 77 percent during World War I then 73 percent when Mellon assumed office.
- Confidence Score
- 0.900
- Claim Maker
- The author
- Context Type
- News Article
- Context Details
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{ "event": "World War I", "statistic": "77% income tax rate", "statistic_2": "73% income tax rate" } - UUID
- 9fdb424c-7f00-4eb5-aab3-417fd9bfe166
- Vector Index
- ✗ No vector
- Created
- September 12, 2025 at 1:29 AM (2 days ago)
- Last Updated
- September 12, 2025 at 1:29 AM (2 days ago)
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2 days ago
https://newrepublic.com/article/196176/trump-billionaires-america-wealth-inequality
This analysis examines the shift in American wealth inequality from the Great Compression to the Great Divergence, highlighting the role of policy changes and corporate influence.
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