The United States War Revenue Act of 1917 greatly increased federal income tax rates while simultaneously lowering exemptions.
The 2% bracket had previously applied to income below $20,000. That amount was lowered to $2,000. The top bracket (on income above $2 million) was raised from 15% to 67%.
The act was applicable to incomes for 1917.
Read more about War Revenue Act Of 1917: War Income Tax For Individuals, Inflation-adjusted Numbers
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