Durring the great depression was income really taxed at 90% ? And?

Question

What did the gov. do with all the taxes they collected? Did it help the situation at the time ?

Answer 1

For a good understanding on FDR and the "new deal" policies, get two books and read them both before the Nov elections. 1.F D R's Folly (how Roosevelt and his new deal prolonged the great depression by Jim Powell and 2. The Forgotten Man by Amity Shales. No it did't helpread the books turn onthe light

Answer 2

My guess is that was the highest marginal tax.  Marginal tax is a tax on that particular margin of income.  Your first margin might be 0-20,000 for 10%  20,001-50,000 for 20%...all the way up to 200,000 plus for 90%...these are just an example of how it could have been.  Remember the difference between marginal tax and average tax rate.