Dittos, 

ADVERTISEMENT
ADVERTISEMENT
Back Home Button
The Rush Limbaugh Show
Excellence in Broadcasting
RSS Icon
ADVERTISEMENT

EIB WEB PAGE DISGRONIFIER

History of Federal Individual Income Bottom and Top Bracket Rates

Historical Income Tax Rates & Brackets

Tax Rates 1

Bottom bracket

Top bracket

Calendar Year

Rate
(percent)

Taxable Income Up to

Rate
(percent)

Taxable
Income over

1913-15

1

20,000

7

500,000

1916

2

20,000

15

2,000,000

1917

2

2,000

67

2,000,000

1918

6

4,000

77

1,000,000

1919-20

4

4,000

73

1,000,000

1921

4

4,000

73

1,000,000

1922

4

4,000

56

200,000

1923

3

4,000

56

200,000

1924

2 1.5

4,000

46

500,000

1925-28

2 1?

4,000

25

100,000

1929

2 4?

4,000

24

100,000

1930-31

2 1?

4,000

25

100,000

1932-33

4

4,000

63

1,000,000

1934-35

3 4

4,000

63

1,000,000

1936-39

3 4

4,000

79

5,000,000

1940

3 4.4

4,000

81.1

5,000,000

1941

3 10

2,000

81

5,000,000

1942-434

3 19

2,000

88

200,000

1944-45

23

2,000

5 94

200,000

1946-47

19

2,000

5 86.45

200,000

1948-49

16.6

4,000

5 82.13

400,000

1950

17.4

4,000

5 91

400,000

1951

20.4

4,000

5 91

400,000

1952-53

22.2

4,000

5 92

400,000

1954-63

20

4,000

5 91

400,000

1964

16

1,000

77

400,000

1965-67

14

1,000

70

200,000

1968

14

1,000

6 75.25

200,000

1969

14

1,000

6 77

200,000

1970

14

1,000

6 71.75

200,000

1971

14

1,000

7 70

200,000

1972-78

814

1,000

7 70

200,000

1979-80

814

2,100

7 70

212,000

1981

8 9 13.825

2,100

7 9 69.125

212,000

1982

8 12

2,100

50

106,000

1983

8 11

2,100

50

106,000

1984

8 11

2,100

50

159,000

1985

8 11

2,180

50

165,480

1986

8 11

2,270

50

171,580

1987

8 11

3,000

38.5

90,000

1988

8 15

29,750

1028

29,750

1989

8 15

30,950

1028

30,950

1990

8 15

32,450

1028

32,450

1991

8 15

34,000

31

82,150

1992

8 15

35,800

31

86,500

1993

8 15

36,900

39.6

250,000

1994

8 15

38,000

39.6

250,000

1995

8 15

39,000

39.6

256,500

1996

8 15

40,100

39.6

263,750

1997

8 15

41,200

39.6

271,050

1998

8 15

42,350

39.6

278,450

1999

8 15

43,050

39.6

283,150

2000

8 15

43,850

39.6

288,350


1 Taxable income excludes zero bracket amount from 1977 through 1986. Rates shown apply only to married persons filing joint returns beginning in 1948. Does not include either the add on minimum tax on preference items (1970-1982) or the alternative minimum tax (1979-present). Also, does not include the effects of the various tax benefit phase-outs (e.g. the personal exemption phase-out). From 1922 through 1986 and from 1991 forward, lower rates applied to long-term capital gains.

2 After earned-income deduction equal to 25 percent of earned income.

3 After earned-income deduction equal to 10 percent of earned income.

4 Exclusive of Victory Tax.

5 Subject to the following maximum effective rate limitations.

[year and maximum rate (in percent)] 1944-45 ?90; 1946-47 ?85.5; 1948-49 ?77.0; 1950 ?87.0; 1951 ?87.2; 1952-53 ?88.0; 1954-63 ?87.0.

6 Includes surcharge of 7.5 percent in 1968, 10 percent in 1969, and 2.6 percent in 1970.

7 Earned income was subject to maximum marginal rates of 60 percent in 1971 and 50 percent from 1972 through 1981.

8 Beginning in 1975, a refundable earned-income credit is allowed for low-income individuals.

9 After tax credit is 1.25 percent against regular tax.

10 The benefit of the first rate bracket is eliminated by an increased rate above certain thresholds. The phase-out range of the benefit of the first rate bracket was as follows: Taxable income between $71,900 and $149,250 in 1988; taxable income between $74,850 and $155,320 in 1989; and taxable income between $78,400 and $162,770 in 1990. The phase-out of the benefit the first rate bracket was repealed for taxable years beginning after December 31, 1990. This added 5 percentage points to the marginal rate for those by the phaseout, producing a 33 percent effective rate.

Source: Joint Committee on Taxation, Overview of Present Law and Economic Analysis Relating to Marginal Tax Rates and the President?s Individual Income Tax Rate Proposals (JCX-6-01), March 6, 2001.

ADVERTISEMENT

Rush 24/7 Audio/Video

Listen to the Latest Show Watch the Latest Show

original

Facebook

ADVERTISEMENT

Most Popular

EIB Features

ADVERTISEMENT: