|
Selected Historical income tax rates (1913–2011) Partial History of U.S. Federal Marginal Income Tax Rates Income First Top Bracket Year Brackets Bracket Rate Income Adj. 2011 Comment 1913 7 1% 7% $500,000 $11.3M First permanent income tax 1917 21 2% 67% $2,000,000 $35M World War I financing 1925 23 1.5% 25% $100,000 $1.28M Post war reductions 1932 55 4% 63% $1,000,000 $16.4M Depression era 1936 31 4% 79% $5,000,000 $80.7M 1941 32 10% 81% $5,000,000 $76.3M World War II 1942 24 19% 88% $200,000 $2.75M Revenue Act of 1942 1944 24 23% 94% $200,000 $2.54M Individual Income Tax Act of 1944 1946 24 20% 91% $200,000 $2.30M 1954 24 20% 91% $200,000 $1.67M 1964 26 16% 77% $400,000 $2.85M Tax reduction during Vietnam war 1965 25 14% 70% $200,000 $1.42M 1981 16 14% 70% $212,000 $532k Reagan era tax cuts 1982 14 12% 50% $106,000 $199k " 1987 5 11% 38.5% $90,000 $178k " 1988 2 15% 28% $29,750 $56k " 1991 3 15% 31% $82,150 $135k 1993 5 15% 39.6% $250,000 $388k 2003 6 10% 35% $311,950 $380k Bush era tax cuts 2011 6 10% 35% $379,150 $379k
|