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azinman2

It’s still interesting, and I bet many on HN hit that top bracket.

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When he died, Benjamin Franklin bequeathed $5,000 to the city of Boston. This was a large sum at the time.

Today, it's just a paycheck for a software engineer.

What does that have to do with tax brackets?

In 1862, marginal tax rates were 3.0% for income over $600 and 5.0% for income over $10,000.

Okay, but is there a point you are trying to make? Honest question.

Maybe he’s making the point that income tax brackets are rarely adjusted for inflation.

The $250k (single) and $400k (couple) brackets haven’t changed - except for 11 years out of the past 25 - but you can buy a heck of a lot less with that sum of money now.

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