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  • History of Federal Income Tax Rates: 1913 - 2025
    After the war, federal income tax rates took on the steam of the roaring 1920s, dropping to 25 percent from 1925 through 1931 Congress raised taxes again in 1932 during the Great Depression from 25 percent to 63 percent on the top earners As we mentioned earlier, war is expensive
  • Marginal Tax Rates an Historical Timeline
    In 1920s, marginal tax rates were significantly reduced, with the top rate falling from wartime highs to 25% by 1925 under policies championed by Treasury Secretary Andrew Mellon However, as the Great Depression deepened in the 1930s, tax policies shifted under FDR, and marginal tax rates increased In 1932, Congress raised taxes from 25% to
  • FACT CHECK: Did ‘Hardly Anyone’ Pay 90 Percent In Taxes Under . . .
    A number of tax deductions, along with lower rates on realized capital gains, “reduced dramatically what otherwise looked like an extremely progressive” income tax schedule in 1960, when the top individual tax rate was 91 percent, the paper said
  • Taxes on the Rich Were Not Much Higher in the 1950s - Tax Foundation
    The average tax rate on the 0 1 percent highest-income Americans was 50 6 percent in the 1950s, compared to 39 8 percent today The average tax rate on the top 0 01 percent was 55 3 percent in the 1950s, compared to 40 8 percent today The data from Piketty, Saez, and Zucman is not divided among federal, state, and local taxes, so it is
  • Historical Highest Marginal Income Tax Rates
    Tax Education Briefing Book Fiscal Facts Events Events Home Past Events Topics Individual Taxes Business Taxes Federal Budget and Economy Statistics Historical Highest Marginal Income Tax Rates From 1913 to To 2023 PDF File Download Report (31 55 KB) Excel File Download Report (12 48 KB) Display Date May 11, 2023
  • The history of tax rates for the rich. - Slate Magazine
    Recently, the Tax Foundation’s Scott Greenberg went so far as to argue that “taxes on the rich were not that much higher” in the 1950s than today Between 1950 and 1959, he notes, the highest
  • THE TRUTH ABOUT TAXES: Heres How High Todays Rates Really Are
    Let's start in 1921, before the boom bubble decade that became known as the "Roaring 20s " The income tax scale in 1921 was very broad, and the top rates were high
  • On High Tax Rates, Stagnation, and Postwar America
    From 1936 to 1980, the highest federal income-tax rate was never below 70%, and the top rate exceeded 90% from 1951 to 1963 Under Ronald Reagan, the top federal rate declined to 28% by 1988 and
  • Historical Income Tax Rates and Brackets, 1862-2021 - Tax Foundation
    How do current federal individual income tax rates and brackets compare historically?
  • Americans were at their happiest in the 1920s but at their lowest ebb . . .
    Americans were at their happiest in the roaring 1920s but at their lowest ebb during the Second World War and the fall of Saigon, a new study that tracked levels of national joy from 1820 has





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