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CLEP US History II

Category - Economic Development

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The highest rate for personal income tax in U.S. history was:

Explanation

Answer: A - In 1944 and 1945 (the final years of World War II), the highest income tax rate in U.S. history was levied: citizens earning over $200,000 were required to pay 94%. The top tax rate remained above 90% for 20 years, until 1964, when it was dropped to 77%. The top tax rate in the 21st century has been in the ballpark of 35%.

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CLEP US History II

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