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Later Roosevelt raised the top marginal rate to 79 percent for income above $5 million, and during World War II he raised the top rate to 94 percent, dropping the threshold to $200,000 ($3.7 million in current dollars).
- Simplified Text
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Roosevelt raised top marginal rate to 79 percent for income above $5 million. During World War II he raised top rate to 94 percent dropping threshold to $200000 ($3.7 million in current dollars).
- Confidence Score
- 0.900
- Claim Maker
- The author
- Context Type
- News Article
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{ "event": "World War II", "person": "Franklin Roosevelt", "tax_rate": "94 percent", "income_threshold": "$200,000" } - Subject Tags
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- 9fdb425f-3b54-40f4-8f19-3f7eeba90cde
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- ✗ No vector
- Created
- September 12, 2025 at 1:30 AM (2 days ago)
- Last Updated
- September 12, 2025 at 1:30 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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