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Politics : The Trump Presidency
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To: i-node who wrote (23768)7/6/2017 10:53:33 PM
From: Wharf Rat1 Recommendation

Recommended By
bentway

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"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"



By FY '33, Hoover's last year in office, it was down to $900M.

usgovernmentrevenue.com
then $800M the next year, which began 4 months after FDR took office (in Mar, not Jan).
usgovernmentrevenue.com

Then big taxing big spending FDR began doing his thing, and
it was 1.1 B in 'FY '35.
usgovernmentrevenue.com
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