The New Spirit.docx - The New Spirit(1942 Through the brief...

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The New Spirit (1942) Through the brief history of taxes, many of the early taxes were used to generate revenue to pay for wars. The revenue act of 1942 had increased the highest tax rate to 88% and increased the number of Americans that would have to pay income taxes under President Franklin D. Roosevelt. The increase in the number of American taxpayers helped to fund the World War Two as it was not subjected to just the top earners in the United States. Upon further research of the video, Disney was asked by the Secretary of Treasury to use its most well-known cartoon character to create a video to deliver a message of getting American taxpayers to do their part by paying their taxes as soon as possible. I think the perception of war time taxes have changed since 1942 as

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