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.
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.