The top tax rate in the U.S. reached an all-time high,

Links to an external site. of 94% in 1944, three years after the Japanese attack on Pearl Harbor. Until Ronald Reagan took office in 1981, the top tax rate remained above 70%.

2. What term would you use to describe state and federal income taxes as they increase with a person's income?
4. What are other types of taxation methods in addition to income tax?
6. Are tax free exchanges a good idea?