Historical Us Income Tax Rates

Under the tax cuts and jobs act of 2017 the rate adjusted to 21 percent.

Historical us income tax rates. The top rate was hiked last in 1993 to 35 percent. Starve the beast policy taxation in the united states. Between 1958 and 1981 the last year with rates above 50 percent the average effective tax rate on brackets above 35 percent was 49 percent. The additional 3 8 percent is still applicable making the maximum federal income tax rate 40 8 percent.

Federal individual income tax rates history 1862 2013 nominal and inflation adjusted brackets october 17 2013 to zoom in print select text or search the following document please use the grey toolbar below. This page provides united states personal income tax rate actual values historical data forecast chart statistics economic calendar. Appendix to selected historical and other data tables. The highest income tax rate was lowered to 37 percent for tax years beginning in 2018.

What this means for you. Income taxes in the united states are imposed by the federal most states and many local governments the income taxes are determined by applying a tax rate which may increase as income increases to taxable income which is the total income less allowable deductions individuals and corporations are directly taxable and estates and trusts may be taxable on undistributed income. At their peak in 1986 rates above 39 6 percent accounted for an impressive 23 of income tax revenue. Download toprate historical pdf 8 91 kb.

Federal individual income tax rates history nominal dollars income years 1913 2013 nominal married filing jointly married filing separately single head of household. Tax years 1913 2015 table 23 xls. This history is important because it shows that the tax law is always changing. Income tax in the united states.

Average federal tax rates for all households by comprehensive household income quintile. Download toprate historical xlsx 12 15 kb. The personal income tax rate in the united states stands at 37 percent. Download average rate historical all pdf 15 19 kb download average rate historical all xlsx 25 11 kb.

We did a bit of quick math to see how much revenue could be raised by boosting income tax rates. Personal exemptions and lowest and highest bracket tax rates and tax base for regular tax.