Americans’ taxes used to be public — until the rich revolted

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One goal of the 1924 tax publicity law was to show whether wealthy Americans and large corporations were paying their fair share of taxes. Newspapers published big stories on the first release of tax payments. Oil heir John D. Rockefeller Jr. was America’s biggest taxpayer, with a tax bill of $7,435,160.41, equal to about $123 million now. Next was automaker Henry Ford, who paid $2,467,400.10, or $41 million today. Douglas Fairbanks and Gloria Swanson were the highest-paying movie stars. Incomes weren’t disclosed, though they could be roughly inferred.

The Big Reveal was short-lived. In 1926, Republican President Calvin Coolidge, under pressure from rich taxpayers, got Congress to end the public tax payments.

https://www.washingtonpost.com/history/2022/04/15/taxes-public-calvin-coolidge/
 
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