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The Price of Victory: America's Victory Tax of 1942
20m
Imagine opening your paycheck during World War II and discovering a brand-new federal tax deduction.
In 1942, the U.S. government introduced the Victory Tax. But the story behind it goes beyond simply raising money for the war.
Why was it introduced? What did Americans think about it? And why does this nearly forgotten wartime tax still matter today?
Join me on On the Victory Homefront to find out!