IKEA is legally a “nonprofit” organization — a designation which dramatically reduces its tax burden — despite reported global sales of €26bn (≈$28B) annually.
President Nixon, after many years of refusing to release his tax returns for review, said “People have got to know whether or not their president is a crook. Well, I am not a crook.” After the investigation, he was forced to pay $465,000 in back taxes he owed.
Franklin D Roosevelt called for a maximum wage of $25,000 (about $365,000 in today’s money) and 100% tax on all earnings above that.
In Norway they publish their citizen’s annual tax returns online. If you accesses someone’s tax return, that person will receive a notification that someone’s checking on him.
Denmark charges a tax of 150% on all new car purchases.
Russia banned the sale of vodka during World War I. The government immediately lost a third of its income.
Ancient Romans used ammonia from urine to wash togas in a manner similar to modern day dry cleaning, and the collection of urine was taxed.
Angered by the IRS’s refusal to allow deductions for all three of his children, a man threatened to turn the raising of two of them over to the government.
In the New Deal, FDR called for a new tax program called the Revenue Act of 1935, which imposed an income tax of 79% on incomes over $5 million. This tax rate affected literally one person: John D. Rockefeller.
Facebook co-founder Eduardo Saverin, a native of Brazil, renounced his US citizenship to avoid paying $700 million in taxes