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Map of locations by per capita income. Areas with higher levels of income are shaded darker. Massachusetts is the second wealthiest state in the United States of America, with a median household income of $89,026 (as of 2021), [1] and a per capita income of $48,617 (as of 2021). [2]
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Benjamin Franklin. Benjamin Franklin FRS FRSA FRSE (January 17, 1706 [ O.S. January 6, 1705] [Note 1] – April 17, 1790) was an American polymath: a leading writer, scientist, inventor, statesman, diplomat, printer, publisher, and political philosopher. [1] Among the most influential intellectuals of his time, Franklin was one of the Founding ...
President Franklin D. Roosevelt's New Deal programs forced an increase in taxes to generate needed funds. The Revenue Act of 1935 introduced the Wealth Tax, a new progressive tax that took up to 75 percent of the highest incomes. Many wealthy people used loopholes in the tax code.
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The median income for a household in the township was $67,923, and the median income for a family was $78,177. Males had a median income of $52,351 versus $41,101 for females. The per capita income for the township was $31,209.
In 1942, during World War II, US President Franklin D. Roosevelt proposed a maximum income of $25,000 ($466,191 in 2023 dollars) during the war:
The median income for a household in the county was $31,517, and the median income for a family was $38,472. Males had a median income of $29,376 versus $22,292 for females. The per capita income for the county was $15,888.
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