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Kentucky's Ashland Oil and Refining Company founder and CEO, Paul G. Blazer (1890–1966), served twice as a government salaried dollar-a-year man: from 1933 to 1935 under President Franklin D. Roosevelt's National Recovery Administration on the Code of Fair Competition for the Petroleum Industry [14] as Chairman of the Blazer Committee [15] and a second time during World War II as Chairman of ...
In 1913, the top tax rate was 7% on incomes above $500,000 (equivalent to $15.9 million [96] in 2024 dollars) and a total of $28.3 million was collected. [97] During World War I, the top rate rose to 77% and the income threshold to be in this top bracket increased to $1,000,000 (equivalent to $24.5 million [96] in 2024 dollars).
Inequality for All is a 2013 documentary film directed by Jacob Kornbluth and narrated by American economist, author and professor Robert Reich.Based on Reich's 2010 book Aftershock: The Next Economy and America's Future, the film examines widening income inequality in the United States.
This reform, which was proposed under John F. Kennedy but passed under Lyndon Johnson, reduced the top marginal income (annual income of $2.9 million+ adjusted for inflation) tax rate from 91% (for tax year 1963) to 77% (for tax year 1964) and 70% (for tax year 1965) for annual incomes of $1.4 million+.
Some particularly budget-conscious households might be able to live off the return of Treasury debt at $34,000 per year. Though this is a small amount of money relative to your likely future needs.
Joseph William Coyle (February 26, 1953 – August 15, 1993) was an unemployed longshoreman in Philadelphia who, in February 1981, found $1.2 million in the street, after it had fallen out of the back of an armored car, and kept it. [1]
In 2024, we used our available capital to invest in the business, having spent $41 million on capex with almost 60% of that or $24 million in growth capex, an increase of $6 million year over year.
Estimated taxes used to be paid based on a calendar quarter, but in the 60's the October due date was moved back to September to pull the third quarter cash receipts into the previous federal budget year which begins on October 1 every year, allowing the federal government to begin the year with a current influx of cash.)