See if you notice any trends. If so, please comment what you see.
History of income tax rates adjusted for inflation (1913–2010)[70][71] | |||||||
---|---|---|---|---|---|---|---|
Number of | First Bracket | Top Bracket | |||||
Year | Brackets | Rate | Rate | Income | Adj. 2016 | Comment | |
1913 | 7 | 1% | 7% | $500,000 | $12 million | First permanent income tax | |
1917 | 21 | 2% | 67% | $2,000,000 | $36.9 million | World War I financing | |
1925 | 23 | 1.5% | 25% | $100,000 | $1.35 million | Post war reductions | |
1932 | 55 | 4% | 63% | $1,000,000 | $17.3 million | Depression era | |
1936 | 31 | 4% | 79% | $5,000,000 | $85.3 million | – | |
1941 | 32 | 10% | 81% | $5,000,000 | $80.4 million | World War II | |
1942 | 24 | 19% | 88% | $200,000 | $2.9 million | Revenue Act of 1942 | |
1944 | 24 | 23% | 94% | $200,000 | $2.69 million | Individual Income Tax Act of 1944 | |
1946 | 24 | 20% | 91% | $200,000 | $2.43 million | – | |
1964 | 26 | 16% | 77% | $400,000 | $3.05 million | Tax reduction during Vietnam war | |
1965 | 25 | 14% | 70% | $200,000 | $1.5 million | – | |
1981 | 16 | 14% | 70% | $215,400 | $561 thousand | Reagan era tax cuts | |
1982 | 14 | 12% | 50% | $85,600 | $210 thousand | Reagan era tax cuts | |
1987 | 5 | 11% | 38.5% | $90,000 | $187 thousand | Reagan era tax cuts | |
1988 | 2 | 15% | 28% | $29,750 | $59.5 thousand | Reagan era tax cuts | |
1991 | 3 | 15% | 31% | $82,150 | $143 thousand | Omnibus Budget Reconciliation Act of 1990 | |
1993 | 5 | 15% | 39.6% | $250,000 | $410 thousand | Omnibus Budget Reconciliation Act of 1993 | |
2003 | 6 | 10% | 35% | $311,950 | $401 thousand | Bush tax cuts | |
2011 | 6 | 10% | 35% | $379,150 | $399 thousand | – | |
2013 | 7 | 10% | 39.6% | $400,000 | $406 thousand | American Taxpayer Relief Act of 2012 |