Tax policy and economic inequality in the United States tax year 1963) to 77% (for tax year 1964) and 70% (for tax year 1965) for annual incomes of $1.4 million+. It was the first tax legislation to reduce the top end of the marginal income tax rate distribution since 1924. The top marginal income tax rate had been 91% since 1946 and had not been below 70% since 1936. The "Bush Tax Cuts," which are the popularly known names of the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 passed during President George W. Bush's first term,
Glass tax journal "The Lancet" described the glass tax as an "absurd impost on light": Glass tax The glass tax was introduced in Great Britain in 1746, during the reign of King George II. Glass was at that time sold by weight, and manufacturers responded by producing smaller, more highly decorated objects, often with hollow stems, known today as "Excise glasses". In 1780, the government granted Ireland free trade in glass without taxation, resulting in the establishment of glassworks in Cork and Waterford. In 1825, the tax in Ireland was restored, and gradually the industry declined, until the glass tax was abolished