What was the tax rate in the 1960s?

Federal – 1960 Single Tax Brackets

Tax Bracket	Tax Rate
$0.00+	20\%
$2,000.00+	22\%
$4,000.00+	26\%
$6,000.00+	30\%

What’s the highest tax rate in US history?

In 1944-45, “the most progressive tax years in U.S. history,” the 94\% rate applied to any income above $200,000 ($2.4 million in 2009 dollars, given inflation).

What was the tax rate in the 50s and 60s?

Explore Tax Data by Country [1] The top federal income tax rate was 91 percent in 1950 and 1951, and between 1954 and 1959. In 1952 and 1953, the top federal income tax rate was 92 percent. [2] Some of the distributional assumptions in the Piketty, Saez, and Zucman paper are questionable.

What was the maximum tax rate in 1960?

91\%
Towards the end of the conflict, the highest marginal tax rate for U.S. earners was 94\% while it remained as high as 91\% well into the early 1960s. When Ronald Reagan became president in 1981, he slashed taxes, sending the marginal tax rate tumbling from 70\% when he took office to just 28\% when he departed.

When was there a 90\% tax rate?

For tax years 1944 through 1951, the highest marginal tax rate for individuals was 91\%, increasing to 92\% for 1952 and 1953, and reverting to 91\% 1954 through 1963. For the 1964 tax year, the top marginal tax rate for individuals was lowered to 77\%, and then to 70\% for tax years 1965 through 1981.

What was the tax rate in 1963?

Federal – 1963 Single Tax Brackets

Tax Bracket	Tax Rate
$2,000.00+	22\%
$4,000.00+	26\%
$6,000.00+	30\%
$8,000.00+	34\%

When did the US have a 90 tax rate?

What were the tax rates in 1970?

Federal – 1970 Single Tax Brackets

Tax Bracket	Tax Rate
$2,000.00+	19\%
$4,000.00+	22\%
$6,000.00+	25\%
$8,000.00+	28\%

What was the tax rate in 2008?

18.0 percent
The overall average federal tax rates of 18.0 percent in 2008 and 17.4 percent in 2009 were the lowest in the 1979–2009 period and were well below the previous low of 19.4 percent in 2003 and the average of 21.0 percent over that period.