I guess Congress didn’t reverse the release of income tax payment info after the hubbub last year, so they are released for the second year in a row and this time there’s no legal question about the right of newspapers to publish them, which the NYT does gleefully, listing the taxes of bankers, actors (Douglas Fairbanks pays the most), Jack Dempsey, baseball players, etc. Ford Motor Company paid $16 million, John D. Rockefeller Jr. $6,277,669, the most of any individual in the US. Pres. Coolidge paid $14,091.
Tuesday, September 02, 2025
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This financial transparency is astonishing to me! I can't imagine this happening today, when only publicly held corporations are required to publish their financial statements. I wonder what the tax rate was in 1925, and how progressive it was. This all seems so innocent and naive now.
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