The facts are unmistakably plain, for those who bother to
check the facts. In 1921, when the tax rate on people making
over $100,000 a year was 73 percent, the
federal government collected a little over $700 million in income taxes, of which 30 percent was paid by those
making over $100,000. By 1929, after a
series of tax rate reductions had cut the tax rate to 24 percent on
those making over $100,000, the federal government collected more than a billion
dollars in income taxes, of which 65 percent was collected from those making over $100,000.10
Simple Math... a billion $'s > seven-hundred million $'s
You should also note who paid the greater amount of taxes.
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