In 1869, an individual earned around $38,000, equivalent to $810,000 today, with tax rates set at 3% for incomes over $600 and 5% for those exceeding $10,000, before being repealed in favor of a new income tax in 1862. The individual made investments in railroads, coal mining, and property, experiencing substantial wealth growth over two decades. By 1861, at age 58, they had amassed considerable wealth, comprising 5% of their annual income.

2. His income in 1869 of
approximately
$38,000 would have a
value of $810,000
today.

3. Tax rates were 3% on income exceeding $600 and less than
$10,000, and 5% on income exceeding $10,000. This tax was
repealed and replaced by another income tax in the Revenue
Act of 1862.

4. He was 40 years old
when he returned to
Philadelphia. He traveled
and invested in coal fired
railroads and coal mining
as well as stocks and
property in Ohio and
Missouri. His wealth
grew rapidly over the
next 20 years. At the
start of the American
Civil War, in 1861,
Williamson was 58 years
old and an extremely

5. This was 5% of
his annual
income.

7. Notes about Interest and Dividends,
1870
Notes on taxable income, 1870

9. HTTPS://DIGITALARCHIVES.POWERLIBRA
RY.ORG/PAPD/ISLANDORA/OBJECT/PAPD
%3AAWSMT-IVSWH

10. Happy
Founder’s Day!
February 3,
2022

11.  A link to our archives page: https://www.williamson.edu/george-f-heckler-4w2-
archives/
 These slides are available on Slideshare www.slideshare.net (as are more brief
slide shows on the I.V. Williamson materials):
 Our early yearbooks have just been added to the PA Photos and Documents digital
page for Williamson Trade School History:
https://digitalarchives.powerlibrary.org/papd/islandora/object/papd%3Aawsmt-
wtsh Search “The Mechanic”