Mad Men: Donald Draper's 1963 Tax Return-1
Mad Men: Donald Draper's 1963 Tax Return

Mad Men: Donald Draper's 1963 Tax Return

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While tax rates were much higher in the ’60s, at least the most-well-known Democratic president of the “Mad Men” era, John F. Kennedy, was taking rates in the right direction.

During his brief time in office, Kennedy lowered the cost of capital by creating an investment tax credit, reduced the top marginal rate on individual income by 21 points and cut corporate taxes. The result? As the Kennedy tax cuts were phased in from 1962 to 1965, revenues grew by more than a 5 percent yearly average and growth in gross domestic product clocked in at a 5.5 percent average annual rate — making recent economic growth look anemic in contrast.

Here is Don's 1963 Tax Return.

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