| Partial History of U.S. Federal Income Tax Rates Since 1913 | ||||
|---|---|---|---|---|
| Applicable Year | Income brackets | First bracket | Top bracket | Source |
| 1913-1915 | - | 1% | 7% | Census |
| 1916 | - | 2% | 15% | Census |
| 1917 | - | 2% | 67% | Census |
| 1918 | - | 6% | 73% | Census |
| 1919-1920 | - | 4% | 73% | Census |
| 1921 | - | 4% | 73% | Census |
| 1922 | - | 4% | 56% | Census |
| 1923 | - | 3% | 56% | Census |
| 1924 | - | 1.5% | 46% | Census |
| 1925-1928 | - | 1.5% | 25% | Census |
| 1929 | - | 0.375% | 24% | Census |
| 1930-1931 | - | 1.125% | 25% | Census |
| 1932-1933 | - | 4% | 63% | Census |
| 1934-1935 | - | 4% | 63% | Census |
| 1936-1939 | - | 4% | 79% | Census |
| 1940 | - | 4.4% | 81.1% | Census |
| 1941 | - | 10% | 81% | Census |
| 1942-1943 | - | 19% | 88% | Census |
| 1944-1945 | - | 23% | 94% | Census |
| 1946-1947 | - | 19% | 86.45% | Census |
| 1948-1949 | - | 16.6% | 82.13% | Census |
| 1950 | - | 17.4% | 84.36% | Census |
| 1951 | - | 20.4% | 91% | Census |
| 1952-1953 | - | 22.2% | 92% | Census |
| 1954-1963 | - | 20% | 91% | Census |
| 1964 | - | 16% | 77% | Census |
| 1965-1967 | - | 14% | 70% | Census |
| 1968 | - | 14% | 75.25% | Census |
| 1969 | - | 14% | 77% | Census |
| 1970 | - | 14% | 71.75% | Census |
| 1971-1981 | 15 brackets | 14% | 70% | IRS |
| 1982-1986 | 12 brackets | 12% | 50% | IRS |
| 1987 | 5 brackets | 11% | 38.5% | IRS |
| 1988-1990 | 3 brackets | 15% | 33% | IRS |
| 1991-1992 | 3 brackets | 15% | 31% | IRS |
| 1993-2000 | 5 brackets | 15% | 39.6% | IRS |
| 2001 | 5 brackets | 15% | 39.1% | IRS |
| 2002 | 6 brackets | 10% | 38.6% | IRS |
| 2003-2008 | 6 brackets | 10% | 35% | IRS |
If you are in the top tax bracket, Obama won't raise your taxes, he'll just be undoing the damage done by Reagan.
3 comments:
HAHAHAA
Everyone thinks we were never socialists!!! I love it. We were practically commies until Reagan!
Did you get AutoCAD yet?
The damage done by Reagan? You mean the greatest peace-time expansion of the economy ever? Peace and prosperity? The destruction of the USSR? Yea, let's undo all of that and go back to the despair of the Carter years. Yeck.
Your argument contradicts itself in that it calls the period of time during which we "destroyed the USSR" "peace-time". It can't be both.... there was enormous amounts of spending spurred on by the threat of the Soviets, basically simulating what the economy would have been like in a real war.
From each according to their means, to each according to their needs.
This only works if we have a system to keep both the rich and poor honest. We can't allow the rich to get a free pass, or the poor to take what they could get on their own. It's tricky, but our current system is certainly not working.
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