Time: Millionaires of 1900
In 1900 a million dollars in bonds paid about $31,800 a year — roughly 76 times what the average American worker earned, and untaxed by the federal government. What the threshold actually meant.
The same questions the site asks about now, asked about 1900, 1925, 1955, 1985 and 2005.
In 1900 a million dollars in bonds paid about $31,800 a year — roughly 76 times what the average American worker earned, and untaxed by the federal government. What the threshold actually meant.