Bridgeway

100 Years of Tax Efficiency

by Andrew Berkin, PhD, Director of Research

100 Years of Tax Efficiency

Now that 2013 has drawn to a close, those of us who care about tax efficiency (and that should be about everyone with a taxable account) should note an important anniversary. 2013 marked the 100th anniversary of the ratification of the Sixteenth Amendment, and with it the inauguration of regular income tax in the United States. This year also most assuredly marks the 100th anniversary of investors seeking greater tax efficiency.