Income Tax Rates Us History

Historical highest marginal personal income tax rates 1913 to 2020.
Income tax rates us history. Last law to change rates was the american taxpayer relief act of 2012. Tax rate over but not over tax rate over but not over tax rate over but not over tax rate over but not over. This history is important because it shows that the tax law is always changing. Under the tax cuts and jobs act of 2017 the rate adjusted to 21 percent.
Download toprate historical pdf 8 91 kb. 87 in 2012 president obama announced plans to raise the two top tax rates from 35 to 39 6 and from 33 to 36. What this means for you. Download toprate historical xlsx 12 15 kb.
Income tax in the united states. The top rate was hiked last in 1993 to 35 percent. Based on the summary of federal tax income data in 2009 with a tax rate of 35 the highest earning 1 of people paid 36 7 of the united states income tax revenue. Starve the beast policy taxation in the united states.
Personal income tax rate in the united states averaged 36 71 percent from 2004 until 2020 reaching an all time high of 39 60 percent in 2013 and a record low of 35 percent in 2005. For example when the federal income tax was implemented to help finance world war i in 1913 the marginal tax rate was 1 on income of 0 to 20 000 2 on income of 20 000 to 50 000 3 on. The additional 3 8 percent is still applicable making the maximum federal income tax rate 40 8 percent. The united states corporate tax rate was at its highest 52 8 percent in 1968 and 1969.
This page provides united states personal income tax rate actual values historical data forecast chart statistics economic calendar and news. Elliot brownlee details in his book federal taxation in america. 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. Federal individual income tax rates history nominal dollars income years 1913 2013.
Us tax rates have changed wildly since 1913 when the current federal income tax program was first introduced.