One of the delicious errors in Thomas Piketty’s Capital in the 21st Century is this assertion: “Roosevelt came to power in 1933 [and] immediately decided on a sharp increase in the top income tax rate...
Tag: Thomas Piketty
Taxes Are High On The Little Guy—Thanks, FDR
In a Tax Notes review of our Taxes Have Consequences: An Income Tax History of the United States, tax history project director Joseph Thorndike writes that the book is a history of income tax rates, n...