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For the 1964 tax year, the top marginal tax rate for individuals was lowered to 77%, and then to 70% for tax years 1965 through 1981. In 1978 income brackets were adjusted for inflation, so fewer people were taxed at high rates. [40] The top marginal tax rate was lowered to 50% for tax years 1982 through 1986. [41]
Bowling, Kenneth R. Politics in the first Congress, 1789–1791 (Taylor & Francis, 1990) Christman, Margaret C.S. The first federal congress, 1789–1791 (Smithsonian Inst Pr, 1989.) Currie, David P. "The Constitution in Congress: Substantive Issues in the First Congress, 1789–1791." The University of Chicago Law Review 61 (1994): 775–865 ...
In many years, elections were even held after the legal start of the Congress, although typically before the start of the first session. In the elections for the 1st Congress, five states held elections in 1788, electing a total of 29 Representatives, and six held elections in 1789, electing a total of 30 Representatives.
[10] Georgia created a cumulative poll tax requirement in 1877: men of any race 21 to 60 years of age had to pay a sum of money for every year from the time they had turned 21, or from the time that the law took effect. [11] The poll tax requirements applied to whites as well as blacks, and also adversely affected poor citizens.
Later that year, Congress enacted the Revenue Act of 1913. The tax ranged from 1% on income exceeding $3,000 to 7% on incomes exceeding $500,000. Subsequently, the U.S. Supreme Court in 1916 upheld the constitutionality of the Revenue Act of 1913 in the case of Brushaber v. Union Pacific Railroad Company, 240 U.S. 1 (1916). The Court held that ...
It changed the way presidents campaigned on taxes and cemented the link between elections and tax policy in the American consciousness. ... the year Reagan took office. By the end of Regan’s ...
The expiration isn't a surprise: It was written into Trump's signature tax legislation from his first term, the Tax Cuts and Jobs Act (TCJA), signed into law in 2017.
“The era of political targeting, and of Congress’s enemies list, is back and every American, every American taxpayer, who may get on the wrong side of the majority in Congress is now at risk.”