From the inauguration of income tax up to the 1950s,tax rates tended to rise and fall with

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Tax rates tended to rise during times of war and fall during times of peace, as wars require increased government spending and tax revenue to fund the war effort, while peace allows for decreased government spending and tax rates to stimulate the economy. This pattern was particularly evident during the World War I and World War II eras, as well as the post-World War II period of economic growth and prosperity.

From the Inauguration of Income Tax Up to the 1950s,tax