![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5B92X5XOnZU5TAVOXeTbL430YJqm0V_42EkYf5uoJhac4j4hwfeuGqB9ZLFrvUhi3R0ZTOnmnKS-WAdGEE5_024iL257X4eOW4UuCAG6_pP75Wb_S_dVxwyE9k-lxbV57P056T6kD2rA/s400/original+1040+form.jpg)
With the annual ordeal of filing income taxes behind us, it seems appropriate to post here the first 1040 form - from 1913. The instructions indicate that if one's income after exemptions exceeded $20,000, the tax was 1%. Using an inflation calculator based on the Consumer Price Index, that $20,000 income in 1913 would be equivalent to an income of $420,000 in 2006. Below that income level - no income tax due. How things have changed.
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