If the shoots are green what color will the next tax increase be? This chart data comes from the Daily Dose of Excel Blog. The US Income Tax was started to pay for the Civil war. More history here.
Trivia for the day taken from the excellent book "Since Yesterday 1929-1939" by Fredrick L. Allen:
The top Tax payer in the US in 1936 was William Randolph Hearst. The #2 tax payer was Mae West with $430k in earnings. The book is a great read and talks about the culture, fashion, economics and politics of a process known as the Great Depression. It reads like a newspaper from today which is kind of scary. Economically we are in 1932-33 as near as I can tell.
Anyone wanting to understand the unfolding economic and cultural process that was "the depression" may want to read Since Yesterday, it is one of the best books I have read in a quite some time.
