IBTimes - U.S. Income Tax Rate, Tax Receipts, GDP

8/9/2019 IBTimes - U.S. Income Tax Rate, Tax Receipts, GDP

1/196

International Business Times, the business news leader

Original article at : http://www.ibtimes.com/articles/47493/20100830/correlation-in

U.S. Income Tax Rate, Tax Receipts, GDP

1947

1952

1956

1960

1964

1968

1972

1976

1980

1984

1988

1992

1996

2000

2004

2008

-0.04

-0.02

0.00

0.02

0.04

0.06

0.08

0.10

GDP Growth 1/10th Tax

Rate

Income Rax Rate

1

949

1

952

1

955

1

958

1

961

1

964

1

967

1

970

1

973

1

976

1

979

1

982

1

985

1

988

1

991

1

994

1

997

2

000

2

003

2

006

2

009

0.27

0.37

0.47

0.57

0.67

0.77

0.87

Column M

Column N

Column OIncome Tax Rate

$1,500,000.00

$2,000,000.00

$2,500,000.00

$3,000,000.00

Tax Receipts


2/196

1951

1955

1959

1963

1967

1971

1975

1979

1983

1987

1991

1995

1999

2003

2007

$0.00

$500,000.00

$1,000,000.00

Column D

-60% -40% -20% 0% 20% 40% 60% 80% 100%

-30%

-20%

-10%

0%

10%

20%

30%

40%

GDP vs. Tax Receipts

0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1

-0.30

-0.20

-0.10

0.00

0.10

0.20

0.30

Income Tax Rate vs. GDP

-0.2000

0.0000

0.2000

0.4000

0.6000

0.8000

Tax Receipts vs. Income Tax Rate


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0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1

-0.6000

-0.4000


4/196

come-tax-rate-tax-receipts-and-gdp.htm


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6/196


7/196

International Business Times, the business news lead

Original article at : http://www.ibtimes.com/articles/47493/20100830/co

U.S. Income Tax Rate, Tax Receipts, GDP

GDP GDP % Tax ReceiptsTax Rate LN(GDP)*.166

1930 91.2 -8.6% 4,058 0.25 7.49

1931 76.5 -6.5% 3,116 0.25 7.20

1932 58.7 -13.1% 1,924 0.63 6.76

1933 56.4 -1.3% 1,997 0.63 6.69

1934 66 10.9% 2,955 0.63 6.95

1935 73.3 8.9% 3,609 0.63 7.13

1936 83.8 13.0% 3,923 0.79 7.35

1937 91.9 5.1% 5,387 0.79 7.50

1938 86.1 -3.4% 6,751 0.79 7.401939 92.2 8.1% 6,295 0.79 7.51

1940 101.4 8.8% 6,548 0.79 7.67

1941 126.7 17.1% 8,712 0.81 8.04

1942 161.9 18.5% 14,634 0.88 8.44

1943 198.6 16.4% 24,001 0.88 8.78

1944 219.8 8.1% 43,747 0.94 8.95

1945 223 -1.1% 45,159 0.94 8.98

1946 222.2 -10.9% 39,296 0.91 8.97

1947 244.1 -0.9% 38,514 0.91 9.13

1948 269.1 4.4% 41,560 0.91 9.291949 267.2 -0.5% 39,415 0.91 9.28

1950 293.7 8.7% 39,443 0.91 9.43

1951 339.3 7.7% 51,616 0.91 9.67

1952 358.3 3.8% 66,167 0.92 9.76

1953 379.3 4.6% 69,608 0.92 9.86

1954 380.4 -0.6% 69,701 0.91 9.86

1955 414.7 7.2% 65,451 0.91 10.01

1956 437.4 2.0% 74,587 0.91 10.09

1957 461.1 2.0% 79,990 0.91 10.18

1958 467.2 -0.9% 79,636 0.91 10.20

1959 506.6 7.2% 79,249 0.91 10.34

1960 526.4 2.5% 92,492 0.91 10.40

1961 544.8 2.3% 94,388 0.91 10.46

1962 585.7 6.1% 99,676 0.91 10.58

1963 617.8 4.4% 106,560 0.91 10.67

1964 663.6 5.8% 112,613 0.77 10.79


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1965 719.1 6.4% 116,817 0.7 10.92

1966 787.7 6.5% 130,835 0.7 11.07

1967 832.4 2.5% 148,822 0.7 11.16

1968 909.8 4.8% 152,973 0.7 11.31

1969 984.4 3.1% 186,882 0.7 11.44

1970 1,038.30 0.2% 192,807 0.7 11.53

1971 1,126.80 3.4% 187,139 0.7 11.671972 1,237.90 5.3% 207,309 0.7 11.82

1973 1,382.30 5.8% 230,799 0.7 12.00

1974 1,499.50 -0.6% 263,224 0.7 12.14

1975 1,637.70 -0.2% 279,090 0.7 12.29

1976 1,824.60 5.4% 298,060 0.7 12.47

1977 2,030.10 4.6% 355,559 0.7 12.64

1978 2,293.80 5.6% 399,561 0.7 12.85

1979 2,562.20 3.1% 463,302 0.7 13.03

1980 2,788.10 -0.3% 517,112 0.7 13.17

1981 3,126.80 2.5% 599,272 0.7 13.36

1982 3,253.20 -1.9% 617,766 0.5 13.43

1983 3,534.60 4.5% 600,562 0.5 13.56

1984 3,930.90 7.2% 666,438 0.5 13.74

1985 4,217.50 4.1% 734,037 0.5 13.86

1986 4,460.10 3.5% 769,155 0.5 13.95

1987 4,736.40 3.2% 854,288 0.39 14.05

1988 5,100.40 4.1% 909,238 0.28 14.17

1989 5,482.10 3.6% 991,105 0.28 14.29

1990 5,800.50 1.9% 1,031,972 0.28 14.391991 5,992.10 -0.2% 1,054,996 0.31 14.44

1992 6,342.30 3.4% 1,091,223 0.31 14.53

1993 6,667.40 2.9% 1,154,341 0.4 14.62

1994 7,085.20 4.1% 1,258,579 0.4 14.72

1995 7,414.70 2.5% 1,351,801 0.4 14.79

1996 7,838.50 3.7% 1,453,055 0.4 14.88

1997 8,332.40 4.5% 1,579,240 0.4 14.99

1998 8,793.50 4.4% 1,721,733 0.4 15.08

1999 9,353.50 4.8% 1,827,459 0.4 15.18

2000 9,951.50 4.1% 2,025,198 0.4 15.282001 10,286.20 1.1% 1,991,142 0.39 15.34

2002 10,642.30 1.8% 1,853,149 0.39 15.39

2003 11,142.10 2.5% 1,782,321 0.35 15.47

2004 11,867.80 3.6% 1,880,126 0.35 15.57

2005 12,638.40 3.1% 2,153,625 0.35 15.68

2006 13,398.90 2.7% 2,406,876 0.35 15.77

2007 14,061.80 1.9% 2,568,001 0.35 15.86


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2008 14,369.10 0.0% 2,523,999 0.35 15.89

2009 14,119.00 -2.6% 2,104,995 0.35 15.86


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rrelation-income-tax-rate-tax-receipts-and-gdp.htm

Ln(Receipts) Tax*20 Diff of Ln(GDP)

8.31 5 GDP

8.04 5 1931 0.26

7.56 12.6 1932 0.11

7.60 12.6 1933 0.48

7.99 12.6 1934 0.81

8.19 12.6 1935 0.72

8.27 15.8 1936 0.77

8.59 15.8 1937 0.70

8.82 15.8 1938 0.448.75 15.8 1939 0.66

8.79 15.8 1940 0.71

9.07 16.2 1941 0.92

9.59 17.6 1942 0.96

10.09 17.6 1943 0.89

10.69 18.8 1944 0.72

10.72 18.8 1945 0.57

10.58 18.2 1946 0.54

10.56 18.2 1947 0.71

10.63 18.2 1948 0.7110.58 18.2 1949 0.54

10.58 18.2 1950 0.71

10.85 18.2 1951 0.79

11.10 18.4 1952 0.64

11.15 18.4 1953 0.64

11.15 18.2 1954 0.55

11.09 18.2 1955 0.69

11.22 18.2 1956 0.64

11.29 18.2 1957 0.64

11.29 18.2 1958 0.57

11.28 18.2 1959 0.68

11.43 18.2 1960 0.61

11.46 18.2 1961 0.61

11.51 18.2 1962 0.67

11.58 18.2 1963 0.64

11.63 15.4 1964 0.67


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11.67 14 1965 0.68

11.78 14 1966 0.70

11.91 14 1967 0.64

11.94 14 1968 0.70

12.14 14 1969 0.68

12.17 14 1970 0.64

12.14 14 1971 0.6912.24 14 1972 0.71

12.35 14 1973 0.73

12.48 14 1974 0.69

12.54 14 1975 0.70

12.61 14 1976 0.73

12.78 14 1977 0.73

12.90 14 1978 0.75

13.05 14 1979 0.73

13.16 14 1980 0.69

13.30 14 1981 0.74

13.33 10 1982 0.62

13.31 10 1983 0.69

13.41 10 1984 0.73

13.51 10 1985 0.67

13.55 10 1986 0.64

13.66 7.7 1987 0.65

13.72 5.6 1988 0.67

13.81 5.6 1989 0.67

13.85 5.6 1990 0.6413.87 6.2 1991 0.60

13.90 6.2 1992 0.64

13.96 7.92 1993 0.63

14.05 7.92 1994 0.65

14.12 7.92 1995 0.63

14.19 7.92 1996 0.64

14.27 7.92 1997 0.65

14.36 7.92 1998 0.64

14.42 7.92 1999 0.65

14.52 7.92 2000 0.6514.50 7.82 2001 0.60

14.43 7.72 2002 0.61

14.39 7 2003 0.63

14.45 7 2004 0.65

14.58 7 2005 0.65

14.69 7 2006 0.65

14.76 7 2007 0.63


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14.74 7 2008 0.59

14.56 7 2009 0.52


13/196

Diff of LN(Receipts) Tax

Receipts Tax

0.29 0.25

0.07 0.25

0.59 0.63

0.94 0.63

0.75 0.63

0.63 0.63

0.87 0.79

0.78 0.790.48 0.79

0.59 0.79

0.84 0.79

1.07 0.81

1.04 0.88

1.15 0.88 GDP Grow1/10th Tax Tax

0.58 0.94 1945 -1.1% 0.09 0.94

0.41 0.94 1946 -10.9% 0.09 0.91

0.53 0.91 1947 -0.9% 0.09 0.91

0.63 0.91 1948 4.4% 0.09 0.910.50 0.91 1950 8.7% 0.09 0.91

0.55 0.91 1951 7.7% 0.09 0.91

0.82 0.91 1952 3.8% 0.09 0.92

0.80 0.91 1953 4.6% 0.09 0.92

0.60 0.92 1954 -0.6% 0.09 0.91

0.55 0.92 1955 7.2% 0.09 0.91

0.49 0.91 1956 2.0% 0.09 0.91

0.68 0.91 1957 2.0% 0.09 0.91

0.62 0.91 1958 -0.9% 0.09 0.91

0.55 0.91 1959 7.2% 0.09 0.91

0.55 0.91 1960 2.5% 0.09 0.91

0.70 0.91 1961 2.3% 0.09 0.91

0.57 0.91 1962 6.1% 0.09 0.91

0.60 0.91 1963 4.4% 0.09 0.91

0.62 0.91 1964 5.8% 0.08 0.77

0.61 0.91 1965 6.4% 0.07 0.7


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0.59 0.77 1966 6.5% 0.07 0.7

0.66 0.7 1967 2.5% 0.07 0.7

0.68 0.7 1968 4.8% 0.07 0.7

0.58 0.7 1969 3.1% 0.07 0.7

0.75 0.7 1970 0.2% 0.07 0.7

0.58 0.7 1971 3.4% 0.07 0.7

0.52 0.7 1972 5.3% 0.07 0.70.65 0.7 1973 5.8% 0.07 0.7

0.66 0.7 1974 -0.6% 0.07 0.7

0.68 0.7 1975 -0.2% 0.07 0.7

0.61 0.7 1976 5.4% 0.07 0.7

0.62 0.7 1977 4.6% 0.07 0.7

0.73 0.7 1978 5.6% 0.07 0.7

0.67 0.7 1979 3.1% 0.07 0.7

0.70 0.7 1980 -0.3% 0.07 0.7

0.66 0.7 1981 2.5% 0.07 0.7

0.70 0.7 1982 -1.9% 0.05 0.5

0.58 0.7 1983 4.5% 0.05 0.5

0.52 0.5 1984 7.2% 0.05 0.5

0.65 0.5 1985 4.1% 0.05 0.5

0.65 0.5 1986 3.5% 0.05 0.5

0.60 0.5 1987 3.2% 0.04 0.39

0.65 0.5 1988 4.1% 0.03 0.28

0.61 0.39 1989 3.6% 0.03 0.28

0.64 0.28 1990 1.9% 0.03 0.28

0.59 0.28 1991 -0.2% 0.03 0.310.57 0.28 1992 3.4% 0.03 0.31

0.58 0.31 1993 2.9% 0.04 0.4

0.61 0.31 1994 4.1% 0.04 0.4

0.64 0.4 1995 2.5% 0.04 0.4

0.62 0.4 1996 3.7% 0.04 0.4

0.62 0.4 1997 4.5% 0.04 0.4

0.63 0.4 1998 4.4% 0.04 0.4

0.64 0.4 1999 4.8% 0.04 0.4

0.61 0.4 2000 4.1% 0.04 0.4

0.65 0.4 2001 1.1% 0.04 0.390.53 0.4 2002 1.8% 0.04 0.39

0.48 0.39 2003 2.5% 0.04 0.35

0.51 0.39 2004 3.6% 0.04 0.35

0.60 0.35 2005 3.1% 0.04 0.35

0.69 0.35 2006 2.7% 0.04 0.35

0.66 0.35 2007 1.9% 0.04 0.35

0.61 0.35 2008 0.0% 0.04 0.35


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16/196

1947

1952

1956

1960

1964

1968

1972

1976

1980

1984

1988

1992

1996

2000

2004

2008

-0.04

-0.02

0.00

0.02

0.04

0.06

0.08

0.10

GDP Growth 1/10th Tax

RateIncome Rax Rate

1949

1952

1955

1958

1961

1964

1967

1970

1973

1976

1979

1982

1985

1988

1991

1994

1997

2000

2003

2006

2009

0.27

0.37

0.47

0.57

0.67

0.77

0.87

Column M

Column N

Column OIncome Tax Rate

$2,500,000.00

$3,000,000.00

Tax Receipts


17/196

1951

1953

1955

1957

1959

1961

1963

1965

1967

1969

1971

1973

1975

1977

1979

1981

1983

1985

1987

1989

1991

1993

1995

1997

1999

2001

2003

2005

2007

2009

0

2000

4000

6000

8000

10000

12000

14000

16000

GDP

GDP

1951

1954

1957

1960

1963

1966

1969

1972

1975

1978

1981

1984

1987

1990

1993

1996

1999

2002

2005

2008

$0.00

$500,000.00

$1,000,000.00

$1,500,000.00

$2,000,000.00

Column DIn Millions


18/196


19/196

Receipts Tax Rate GDP GDP *1000 LN GDP

4,058 0.25 91.2 91,200.00 4.51 1930

3,116 0.25 76.5 76,500.00 4.34 1931

1,924 0.63 58.7 58,700.00 4.07 1932

1,997 0.63 56.4 56,400.00 4.03 1933

2,955 0.63 66 66,000.00 4.19 1934

3,609 0.63 73.3 73,300.00 4.29 19353,923 0.79 83.8 83,800.00 4.43 1936

5,387 0.79 91.9 91,900.00 4.52 1937

6,751 0.79 86.1 86,100.00 4.46 1938

6,295 0.79 92.2 92,200.00 4.52 1939

6,548 0.79 101.4 101,400.00 4.62 1940

8,712 0.81 126.7 126,700.00 4.84 1941

14,634 0.88 161.9 161,900.00 5.09 1942

24,001 0.88 198.6 198,600.00 5.29 1943

43,747 0.94 219.8 219,800.00 5.39 1944

45,159 0.94 223 223,000.00 5.41 1945

39,296 0.91 222.2 222,200.00 5.40 1946

38,514 0.91 244.1 244,100.00 5.50 1947

41,560 0.91 269.1 269,100.00 5.60 1948

39,415 0.91 267.2 267,200.00 5.59 1949

39,443 0.91 293.7 293,700.00 5.68 1950

51,616 0.91 339.3 339,300.00 5.83 1951

66,167 0.92 358.3 358,300.00 5.88 1952

69,608 0.92 379.3 379,300.00 5.94 1953

69,701 0.91380.4

380,400.00 5.941954

65,451 0.91 414.7 414,700.00 6.03 1955

74,587 0.91 437.4 437,400.00 6.08 1956

79,990 0.91 461.1 461,100.00 6.13 1957

79,636 0.91 467.2 467,200.00 6.15 1958

79,249 0.91 506.6 506,600.00 6.23 1959

92,492 0.91 526.4 526,400.00 6.27 1960

94,388 0.91 544.8 544,800.00 6.30 1961

99,676 0.91 585.7 585,700.00 6.37 1962

106,560 0.91 617.8 617,800.00 6.43 1963

112,613 0.77 663.6 663,600.00 6.50 1964116,817 0.7 719.1 719,100.00 6.58 1965

130,835 0.7 787.7 787,700.00 6.67 1966

148,822 0.7 832.4 832,400.00 6.72 1967

152,973 0.7 909.8 909,800.00 6.81 1968

186,882 0.7 984.4 984,400.00 6.89 1969

192,807 0.7 1,038.30 1,038,300.00 6.95 1970

187,139 0.7 1,126.80 1,126,800.00 7.03 1971


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207,309 0.7 1,237.90 1,237,900.00 7.12 1972

230,799 0.7 1,382.30 1,382,300.00 7.23 1973

263,224 0.7 1,499.50 1,499,500.00 7.31 1974

279,090 0.7 1,637.70 1,637,700.00 7.40 1975

298,060 0.7 1,824.60 1,824,600.00 7.51 1976

355,559 0.7 2,030.10 2,030,100.00 7.62 1977

399,561 0.7 2,293.80 2,293,800.00 7.74 1978463,302 0.7 2,562.20 2,562,200.00 7.85 1979

517,112 0.7 2,788.10 2,788,100.00 7.93 1980

599,272 0.7 3,126.80 3,126,800.00 8.05 1981

617,766 0.5 3,253.20 3,253,200.00 8.09 1982

600,562 0.5 3,534.60 3,534,600.00 8.17 1983

666,438 0.5 3,930.90 3,930,900.00 8.28 1984

734,037 0.5 4,217.50 4,217,500.00 8.35 1985

769,155 0.5 4,460.10 4,460,100.00 8.40 1986

854,288 0.39 4,736.40 4,736,400.00 8.46 1987

909,238 0.28 5,100.40 5,100,400.00 8.54 1988

991,105 0.28 5,482.10 5,482,100.00 8.61 1989

1,031,972 0.28 5,800.50 5,800,500.00 8.67 1990

1,054,996 0.31 5,992.10 5,992,100.00 8.70 1991

1,091,223 0.31 6,342.30 6,342,300.00 8.75 1992

1,154,341 0.4 6,667.40 6,667,400.00 8.80 1993

1,258,579 0.4 7,085.20 7,085,200.00 8.87 1994

1,351,801 0.4 7,414.70 7,414,700.00 8.91 1995

1,453,055 0.4 7,838.50 7,838,500.00 8.97 1996

1,579,240 0.4 8,332.40 8,332,400.00 9.03 19971,721,733 0.4 8,793.50 8,793,500.00 9.08 1998

1,827,459 0.4 9,353.50 9,353,500.00 9.14 1999

2,025,198 0.4 9,951.50 9,951,500.00 9.21 2000

1,991,142 0.39 10,286.20 10,286,200.00 9.24 2001

1,853,149 0.39 10,642.30 10,642,300.00 9.27 2002

1,782,321 0.35 11,142.10 11,142,100.00 9.32 2003

1,880,126 0.35 11,867.80 11,867,800.00 9.38 2004

2,153,625 0.35 12,638.40 12,638,400.00 9.44 2005

2,406,876 0.35 13,398.90 13,398,900.00 9.50 2006

2,568,001 0.35 14,061.80 14,061,800.00 9.55 20072,523,999 0.35 14,369.10 14,369,100.00 9.57 2008

2,104,995 0.35 14,119.00 14,119,000.00 9.56 2009


21/196

Tax Rate GDP Tax Rate GDP

0.25 -8.6% 1930 0.25 1930

0.25 -6.5% 1931 0.25 1931

0.63 -13.1% 1932 0.63 1932

0.63 -1.3% 1933 0.63 -8.6% 1933

0.63 10.9% 1934 0.63 -6.5% 1934

0.63 8.9% 1935 0.63 -13.1% 19350.79 13.0% 1936 0.79 -1.3% 1936

0.79 5.1% 1937 0.79 10.9% 1937

0.79 -3.4% 1938 0.79 8.9% 1938

0.79 8.1% 1939 0.79 13.0% 1939

0.79 8.8% 1940 0.79 5.1% 1940

0.81 17.1% 1941 0.81 -3.4% 1941

0.88 18.5% 1942 0.88 8.1% 1942

0.88 16.4% 1943 0.88 8.8% 1943

0.94 8.1% 1944 0.94 17.1% 1944

0.94 -1.1% 1945 0.94 18.5% 1945

0.91 -10.9% 1946 0.91 16.4% 1946

0.91 -0.9% 1947 0.91 8.1% 1947

0.91 4.4% 1948 0.91 -1.1% 1948

0.91 -0.5% 1949 0.91 -10.9% 1949

0.91 8.7% 1950 0.91 -0.9% 1950

0.91 7.7% 1951 0.91 4.4% 1951

0.92 3.8% 1952 0.92 -0.5% 1952

0.92 4.6% 1953 0.92 8.7% 1953

0.91-0.6% 1954

0.917.7% 1954

0.91 7.2% 1955 0.91 3.8% 1955

0.91 2.0% 1956 0.91 4.6% 1956

0.91 2.0% 1957 0.91 -0.6% 1957

0.91 -0.9% 1958 0.91 7.2% 1958

0.91 7.2% 1959 0.91 2.0% 1959

0.91 2.5% 1960 0.91 2.0% 1960

0.91 2.3% 1961 0.91 -0.9% 1961

0.91 6.1% 1962 0.91 7.2% 1962

0.91 4.4% 1963 0.91 2.5% 1963

0.77 5.8% 1964 0.77 2.3% 19640.7 6.4% 1965 0.7 6.1% 1965

0.7 6.5% 1966 0.7 4.4% 1966

0.7 2.5% 1967 0.7 5.8% 1967

0.7 4.8% 1968 0.7 6.4% 1968

0.7 3.1% 1969 0.7 6.5% 1969

0.7 0.2% 1970 0.7 2.5% 1970

0.7 3.4% 1971 0.7 4.8% 1971


22/196

0.7 5.3% 1972 0.7 3.1% 1972

0.7 5.8% 1973 0.7 0.2% 1973

0.7 -0.6% 1974 0.7 3.4% 1974

0.7 -0.2% 1975 0.7 5.3% 1975

0.7 5.4% 1976 0.7 5.8% 1976

0.7 4.6% 1977 0.7 -0.6% 1977

0.7 5.6% 1978 0.7 -0.2% 19780.7 3.1% 1979 0.7 5.4% 1979

0.7 -0.3% 1980 0.7 4.6% 1980

0.7 2.5% 1981 0.7 5.6% 1981

0.5 -1.9% 1982 0.5 3.1% 1982

0.5 4.5% 1983 0.5 -0.3% 1983

0.5 7.2% 1984 0.5 2.5% 1984

0.5 4.1% 1985 0.5 -1.9% 1985

0.5 3.5% 1986 0.5 4.5% 1986

0.39 3.2% 1987 0.39 7.2% 1987

0.28 4.1% 1988 0.28 4.1% 1988

0.28 3.6% 1989 0.28 3.5% 1989

0.28 1.9% 1990 0.28 3.2% 1990

0.31 -0.2% 1991 0.31 4.1% 1991

0.31 3.4% 1992 0.31 3.6% 1992

0.4 2.9% 1993 0.4 1.9% 1993

0.4 4.1% 1994 0.4 -0.2% 1994

0.4 2.5% 1995 0.4 3.4% 1995

0.4 3.7% 1996 0.4 2.9% 1996

0.4 4.5% 1997 0.4 4.1% 19970.4 4.4% 1998 0.4 2.5% 1998

0.4 4.8% 1999 0.4 3.7% 1999

0.4 4.1% 2000 0.4 4.5% 2000

0.39 1.1% 2001 0.39 4.4% 2001

0.39 1.8% 2002 0.39 4.8% 2002

0.35 2.5% 2003 0.35 4.1% 2003

0.35 3.6% 2004 0.35 1.1% 2004

0.35 3.1% 2005 0.35 1.8% 2005

0.35 2.7% 2006 0.35 2.5% 2006

0.35 1.9% 2007 0.35 3.6% 20070.35 0.0% 2008 0.35 3.1% 2008

0.35 -2.6% 2009 0.35 2.7% 2009

1.9%

0.0%

-2.6%


23/196

Tax Rate Diff of LN GDP

0.25

0.25 -0.18

0.63 -0.26

0.63 -0.04

0.63 0.16

0.63 0.100.79 0.13

0.79 0.09

0.79 -0.07

0.79 0.07

0.79 0.10

0.81 0.22

0.88 0.25

0.88 0.20

0.94 0.10

0.94 0.01

0.91 0.00

0.91 0.09

0.91 0.10

0.91 -0.01

0.91 0.09

0.91 0.14

0.92 0.05

0.92 0.06

0.91 0.000.91 0.09

0.91 0.05

0.91 0.05

0.91 0.01

0.91 0.08

0.91 0.04

0.91 0.03

0.91 0.07

0.91 0.05

0.77 0.070.7 0.08

0.7 0.09

0.7 0.06

0.7 0.09

0.7 0.08

0.7 0.05

0.7 0.08

0.2 0.3 0.4 0.5 0.6 0.7 0.8

-0.30

-0.20

-0.10

0.00

0.10

0.20

0.30

Income Tax Rate vs. G

0.2 0.3 0.4 0.5 0.6 0.7 0.8

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%


24/196

0.7 0.09

0.7 0.11

0.7 0.08

0.7 0.09

0.7 0.11

0.7 0.11

0.7 0.120.7 0.11

0.7 0.08

0.7 0.11

0.5 0.04

0.5 0.08

0.5 0.11

0.5 0.07

0.5 0.06

0.39 0.06

0.28 0.07

0.28 0.07

0.28 0.06

0.31 0.03

0.31 0.06

0.4 0.05

0.4 0.06

0.4 0.05

0.4 0.06

0.4 0.060.4 0.05

0.4 0.06

0.4 0.06

0.39 0.03

0.39 0.03

0.35 0.05

0.35 0.06

0.35 0.06

0.35 0.06

0.35 0.050.35 0.02

0.35 -0.02


25/196

0.9 1

P

0.9 1

Column I

Column M


26/196


27/196

Change T Receipts Change GDP Change T Receipts Change G

1930

1931 -23% -16% -23.21%

1932 -38% -23% -38.25% -16.12%

1933 4% -4% 3.79% -23.27%

1934 48% 17% 47.97% -3.92%

1935 22% 11% 22.13% 17.02%1936 9% 14% 8.70% 11.06%

1937 37% 10% 37.32% 14.32%

1938 25% -6% 25.32% 9.67%

1939 -7% 7% -6.75% -6.31%

1940 4% 10% 4.02% 7.08%

1941 33% 25% 33.05% 9.98%

1942 68% 28% 67.98% 24.95%

1943 64% 23% 64.01% 27.78%

1944 82% 11% 82.27% 22.67%

1945 3% 1% 3.23% 10.67%

1946 -13% 0% -12.98% 1.46%

1947 -2% 10% -1.99% -0.36%

1948 8% 10% 7.91% 9.86%

1949 -5% -1% -5.16% 10.24%

1950 0% 10% 0.07% -0.71%

1951 31% 16% 30.86% 9.92%

1952 28% 6% 28.19% 15.53%

1953 5% 6% 5.20% 5.60%

19540% 0% 0.13% 5.86%1955 -6% 9% -6.10% 0.29%

1956 14% 5% 13.96% 9.02%

1957 7% 5% 7.24% 5.47%

1958 0% 1% -0.44% 5.42%

1959 0% 8% -0.49% 1.32%

1960 17% 4% 16.71% 8.43%

1961 2% 3% 2.05% 3.91%

1962 6% 8% 5.60% 3.50%

1963 7% 5% 6.91% 7.51%

1964 6% 7% 5.68% 5.48%1965 4% 8% 3.73% 7.41%

1966 12% 10% 12.00% 8.36%

1967 14% 6% 13.75% 9.54%

1968 3% 9% 2.79% 5.67%

1969 22% 8% 22.17% 9.30%

1970 3% 5% 3.17% 8.20%

1971 -3% 9% -2.94% 5.48%


28/196

1972 11% 10% 10.78% 8.52%

1973 11% 12% 11.33% 9.86%

1974 14% 8% 14.05% 11.66%

1975 6% 9% 6.03% 8.48%

1976 7% 11% 6.80% 9.22%

1977 19% 11% 19.29% 11.41%

1978 12% 13% 12.38% 11.26%1979 16% 12% 15.95% 12.99%

1980 12% 9% 11.61% 11.70%

1981 16% 12% 15.89% 8.82%

1982 3% 4% 3.09% 12.15%

1983 -3% 9% -2.78% 4.04%

1984 11% 11% 10.97% 8.65%

1985 10% 7% 10.14% 11.21%

1986 5% 6% 4.78% 7.29%

1987 11% 6% 11.07% 5.75%

1988 6% 8% 6.43% 6.19%

1989 9% 7% 9.00% 7.69%

1990 4% 6% 4.12% 7.48%

1991 2% 3% 2.23% 5.81%

1992 3% 6% 3.43% 3.30%

1993 6% 5% 5.78% 5.84%

1994 9% 6% 9.03% 5.13%

1995 7% 5% 7.41% 6.27%

1996 7% 6% 7.49% 4.65%

1997 9% 6% 8.68% 5.72%1998 9% 6% 9.02% 6.30%

1999 6% 6% 6.14% 5.53%

2000 11% 6% 10.82% 6.37%

2001 -2% 3% -1.68% 6.39%

2002 -7% 3% -6.93% 3.36%

2003 -4% 5% -3.82% 3.46%

2004 5% 7% 5.49% 4.70%

2005 15% 6% 14.55% 6.51%

2006 12% 6% 11.76% 6.49%

2007 7% 5% 6.69% 6.02%2008 -2% 2% -1.71% 4.95%

2009 -17% -2% -16.60% 2.19%

-1.74%


29/196

P

-60% -40% -20% 0% 20% 40% 60% 80% 100%

-30%

-20%

-10%

0%

10%

20%

30%

40%

GDP vs. Tax Receipts

-50.00% 0.00% 50.00% 100.00%

-30.00%

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

Column I


30/196


31/196

Receipts Diff Of Receipts Ln Receipts Diff LN Re Change Receipts

4,058 8.31 1930

3,116 -942 8.04 -0.26 -0.23 1931

1,924 -1,192 7.56 -0.48 -0.38 1932

1,997 73 7.6 0.04 0.04 1933

2,955 958 7.99 0.39 0.48 1934

3,609 654 8.19 0.2 0.22 19353,923 314 8.27 0.08 0.09 1936

5,387 1,464 8.59 0.32 0.37 1937

6,751 1,364 8.82 0.23 0.25 1938

6,295 -456 8.75 -0.07 -0.07 1939

6,548 253 8.79 0.04 0.04 1940

8,712 2,164 9.07 0.29 0.33 1941

14,634 5,922 9.59 0.52 0.68 1942

24,001 9,367 10.09 0.49 0.64 1943

43,747 19,746 10.69 0.6 0.82 1944

45,159 1,412 10.72 0.03 0.03 1945

39,296 -5,863 10.58 -0.14 -0.13 1946

38,514 -782 10.56 -0.02 -0.02 1947

41,560 3,046 10.63 0.08 0.08 1948

39,415 -2,145 10.58 -0.05 -0.05 1949

39,443 28 10.58 0 0 1950

51,616 12,173 10.85 0.27 0.31 1951

66,167 14,551 11.1 0.25 0.28 1952

69,608 3,441 11.15 0.05 0.05 1953

69,701 93 11.15 0 01954

65,451 -4,250 11.09 -0.06 -0.06 1955

74,587 9,136 11.22 0.13 0.14 1956

79,990 5,403 11.29 0.07 0.07 1957

79,636 -354 11.29 0 0 1958

79,249 -387 11.28 0 0 1959

92,492 13,243 11.43 0.15 0.17 1960

94,388 1,896 11.46 0.02 0.02 1961

99,676 5,288 11.51 0.05 0.06 1962

106,560 6,884 11.58 0.07 0.07 1963

112,613 6,053 11.63 0.06 0.06 1964116,817 4,204 11.67 0.04 0.04 1965

130,835 14,018 11.78 0.11 0.12 1966

148,822 17,987 11.91 0.13 0.14 1967

152,973 4,151 11.94 0.03 0.03 1968

186,882 33,909 12.14 0.2 0.22 1969

192,807 5,925 12.17 0.03 0.03 1970

187,139 -5,668 12.14 -0.03 -0.03 1971


32/196

207,309 20,170 12.24 0.1 0.11 1972

230,799 23,490 12.35 0.11 0.11 1973

263,224 32,425 12.48 0.13 0.14 1974

279,090 15,866 12.54 0.06 0.06 1975

298,060 18,970 12.61 0.07 0.07 1976

355,559 57,499 12.78 0.18 0.19 1977

399,561 44,002 12.9 0.12 0.12 1978463,302 63,741 13.05 0.15 0.16 1979

517,112 53,810 13.16 0.11 0.12 1980

599,272 82,160 13.3 0.15 0.16 1981

617,766 18,494 13.33 0.03 0.03 1982

600,562 -17,204 13.31 -0.03 -0.03 1983

666,438 65,876 13.41 0.1 0.11 1984

734,037 67,599 13.51 0.1 0.1 1985

769,155 35,118 13.55 0.05 0.05 1986

854,288 85,133 13.66 0.1 0.11 1987

909,238 54,950 13.72 0.06 0.06 1988

991,105 81,867 13.81 0.09 0.09 1989

1,031,972 40,867 13.85 0.04 0.04 1990

1,054,996 23,024 13.87 0.02 0.02 1991

1,091,223 36,227 13.9 0.03 0.03 1992

1,154,341 63,118 13.96 0.06 0.06 1993

1,258,579 104,238 14.05 0.09 0.09 1994

1,351,801 93,222 14.12 0.07 0.07 1995

1,453,055 101,254 14.19 0.07 0.07 1996

1,579,240 126,185 14.27 0.08 0.09 19971,721,733 142,493 14.36 0.09 0.09 1998

1,827,459 105,726 14.42 0.06 0.06 1999

2,025,198 197,739 14.52 0.1 0.11 2000

1,991,142 -34,056 14.5 -0.02 -0.02 2001

1,853,149 -137,993 14.43 -0.07 -0.07 2002

1,782,321 -70,828 14.39 -0.04 -0.04 2003

1,880,126 97,805 14.45 0.05 0.05 2004

2,153,625 273,499 14.58 0.14 0.15 2005

2,406,876 253,251 14.69 0.11 0.12 2006

2,568,001 161,125 14.76 0.06 0.07 20072,523,999 -44,002 14.74 -0.02 -0.02 2008

2,104,995 -419,004 14.56 -0.18 -0.17 2009


33/196

Tax Rate Diff LN Re Tax Rate Diff LN Re

0.25 1930 0.25 1930

0.25 -0.2641 1931 0.25 1931

0.63 -0.4821 1932 0.63 -0.2641 1932

0.63 0.0372 1933 0.63 -0.4821 1933

0.63 0.3919 1934 0.63 0.0372 1934

0.63 0.1999 1935 0.63 0.3919 19350.79 0.0834 1936 0.79 0.1999 1936

0.79 0.3171 1937 0.79 0.0834 1937

0.79 0.2257 1938 0.79 0.3171 1938

0.79 -0.0699 1939 0.79 0.2257 1939

0.79 0.0394 1940 0.79 -0.0699 1940

0.81 0.2855 1941 0.81 0.0394 1941

0.88 0.5186 1942 0.88 0.2855 1942

0.88 0.4947 1943 0.88 0.5186 1943

0.94 0.6003 1944 0.94 0.4947 1944

0.94 0.0318 1945 0.94 0.6003 1945

0.91 -0.1391 1946 0.91 0.0318 1946

0.91 -0.0201 1947 0.91 -0.1391 1947

0.91 0.0761 1948 0.91 -0.0201 1948

0.91 -0.0530 1949 0.91 0.0761 1949

0.91 0.0007 1950 0.91 -0.0530 1950

0.91 0.2690 1951 0.91 0.0007 1951

0.92 0.2484 1952 0.92 0.2690 1952

0.92 0.0507 1953 0.92 0.2484 1953

0.91 0.00131954

0.91 0.05071954

0.91 -0.0629 1955 0.91 0.0013 1955

0.91 0.1307 1956 0.91 -0.0629 1956

0.91 0.0699 1957 0.91 0.1307 1957

0.91 -0.0044 1958 0.91 0.0699 1958

0.91 -0.0049 1959 0.91 -0.0044 1959

0.91 0.1545 1960 0.91 -0.0049 1960

0.91 0.0203 1961 0.91 0.1545 1961

0.91 0.0545 1962 0.91 0.0203 1962

0.91 0.0668 1963 0.91 0.0545 1963

0.77 0.0552 1964 0.77 0.0668 19640.7 0.0367 1965 0.7 0.0552 1965

0.7 0.1133 1966 0.7 0.0367 1966

0.7 0.1288 1967 0.7 0.1133 1967

0.7 0.0275 1968 0.7 0.1288 1968

0.7 0.2002 1969 0.7 0.0275 1969

0.7 0.0312 1970 0.7 0.2002 1970

0.7 -0.0298 1971 0.7 0.0312 1971


34/196

0.7 0.1024 1972 0.7 -0.0298 1972

0.7 0.1073 1973 0.7 0.1024 1973

0.7 0.1315 1974 0.7 0.1073 1974

0.7 0.0585 1975 0.7 0.1315 1975

0.7 0.0658 1976 0.7 0.0585 1976

0.7 0.1764 1977 0.7 0.0658 1977

0.7 0.1167 1978 0.7 0.1764 19780.7 0.1480 1979 0.7 0.1167 1979

0.7 0.1099 1980 0.7 0.1480 1980

0.7 0.1475 1981 0.7 0.1099 1981

0.5 0.0304 1982 0.5 0.1475 1982

0.5 -0.0282 1983 0.5 0.0304 1983

0.5 0.1041 1984 0.5 -0.0282 1984

0.5 0.0966 1985 0.5 0.1041 1985

0.5 0.0467 1986 0.5 0.0966 1986

0.39 0.1050 1987 0.39 0.0467 1987

0.28 0.0623 1988 0.28 0.1050 1988

0.28 0.0862 1989 0.28 0.0623 1989

0.28 0.0404 1990 0.28 0.0862 1990

0.31 0.0221 1991 0.31 0.0404 1991

0.31 0.0338 1992 0.31 0.0221 1992

0.4 0.0562 1993 0.4 0.0338 1993

0.4 0.0865 1994 0.4 0.0562 1994

0.4 0.0715 1995 0.4 0.0865 1995

0.4 0.0722 1996 0.4 0.0715 1996

0.4 0.0833 1997 0.4 0.0722 19970.4 0.0864 1998 0.4 0.0833 1998

0.4 0.0596 1999 0.4 0.0864 1999

0.4 0.1027 2000 0.4 0.0596 2000

0.39 -0.0170 2001 0.39 0.1027 2001

0.39 -0.0718 2002 0.39 -0.0170 2002

0.35 -0.0390 2003 0.35 -0.0718 2003

0.35 0.0534 2004 0.35 -0.0390 2004

0.35 0.1358 2005 0.35 0.0534 2005

0.35 0.1112 2006 0.35 0.1358 2006

0.35 0.0648 2007 0.35 0.1112 20070.35 -0.0173 2008 0.35 0.0648 2008

0.35 -0.1815 2009 0.35 -0.0173 2009

-0.1815


35/196


36/196

0.7 0.1078

0.7 0.1133

0.7 0.1405

0.7 0.0603

0.7 0.0680

0.7 0.1929

0.7 0.12380.7 0.1595

0.7 0.1161

0.7 0.1589

0.5 0.0309

0.5 -0.0278

0.5 0.1097

0.5 0.1014

0.5 0.0478

0.39 0.1107

0.28 0.0643

0.28 0.0900

0.28 0.0412

0.31 0.0223

0.31 0.0343

0.4 0.0578

0.4 0.0903

0.4 0.0741

0.4 0.0749

0.4 0.08680.4 0.0902

0.4 0.0614

0.4 0.1082

0.39 -0.0168

0.39 -0.0693

0.35 -0.0382

0.35 0.0549

0.35 0.1455

0.35 0.1176

0.35 0.06690.35 -0.0171

0.35 -0.1660

-0.0173

-0.1815


37/196

1

1

L

1

n P


38/196


39/196


40/196

1941

(in millions of dollars)

Total On-Budget

able 1.1SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFI

8,712 13,653 -4,941 8,024 13,618 -5,594


41/196

Year

17891849

18501900

19011902

1903

1904

19051906

1907

1908

1909

1910

19111912

1913

1914

19151916

1917

19181919

1920

1921

1922

1923

1924

19251926

1927

19281929

1930

1931

19321933

1934

1935

1936

1937

19381939

1940

Off-Budget

CITS (): 17892015

Receipts Outlays

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... .................... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

.......... .......... ..........

265 -2 267

387 -10 397503 -13 516

550 -14 564

Surplus orDeficit()


42/196

1941Off-Budget

CITS (): 17892015

688 35 653


43/196

Year

17891849

18501900

19011902

1903

1904

19051906

1907

1908

1909

1910

19111912

1913

1914

19151916

1917

19181919

1920

1921

1922

1923

1924

19251926

1927

19281929

1930

1931

19321933

1934

1935

1936

1937

19381939

1940


44/196

1941


45/196

Year

17891849

18501900

19011902

1903

1904

19051906

1907

1908

1909

1910

19111912

1913

1914

19151916

1917

19181919

1920

1921

1922

1923

1924

19251926

1927

19281929

1930

1931

19321933

1934

1935

1936

1937

19381939

1940


46/196

1941


47/196

Year

17891849

18501900

19011902

1903

1904

19051906

1907

1908

1909

1910

19111912

1913

1914

19151916

1917

19181919

1920

1921

1922

1923

1924

19251926

1927

19281929

1930

1931

19321933

1934

1935

1936

1937

19381939

1940


48/196

1941


49/196

Year

17891849

18501900

19011902

1903

1904

19051906

1907

1908

1909

1910

19111912

1913

1914

19151916

1917

19181919

1920

1921

1922

1923

1924

19251926

1927

19281929

1930

1931

19321933

1934

1935

1936

1937

19381939

1940


50/196

1941


51/196

Year

17891849

18501900

19011902

1903

1904

19051906

1907

1908

1909

1910

19111912

1913

1914

19151916

1917

19181919

1920

1921

1922

1923

1924

19251926

1927

19281929

1930

1931

19321933

1934

1935

1936

1937

19381939

1940


52/196

1941


53/196

Year

17891849

18501900

19011902

1903

1904

19051906

1907

1908

1909

1910

19111912

1913

1914

19151916

1917

19181919

1920

1921

1922

1923

1924

19251926

1927

19281929

1930

1931

19321933

1934

1935

1936

1937

19381939

1940


54/196

1941


55/196

Year

17891849

18501900

19011902

1903

1904

19051906

1907

1908

1909

1910

19111912

1913

1914

19151916

1917

19181919

1920

1921

1922

1923

1924

19251926

1927

19281929

1930

1931

19321933

1934

1935

1936

1937

19381939

1940


56/196

1941


57/196

Year

17891849

18501900

19011902

1903

1904

19051906

1907

1908

1909

1910

19111912

1913

1914

19151916

1917

19181919

1920

1921

1922

1923

1924

19251926

1927

19281929

1930

1931

19321933

1934

1935

1936

1937

19381939

1940


58/196

1941


59/196

Federal Individual Incom

Income Years 1

2010

Married Filing Jointly Married Filing Separately

Marginal Tax Brackets Marginal Tax Brackets

Tax Rate Over But Not Over Tax Rate Over But Not Over

10.0% $0 $16,750 10.0% $0 $8,375

15.0% $16,750 $68,000 15.0% $8,375 $34,000

25.0% $68,000 $137,300 25.0% $34,000 $68,650

28.0% $137,300 $209,250 28.0% $68,650 $104,625

33.0% $209,250 $373,650 33.0% $104,625 $186,825

35.0% $373,650 - 35.0% $186,825 -

2009




10.0% $0 $16,700 10.0% $0 $8,350

15.0% $16,700 $67,900 15.0% $8,350 $33,950

25.0% $67,900 $137,050 25.0% $33,950 $68,525

28.0% $137,050 $208,850 28.0% $68,525 $104,425

33.0% $208,850 $372,950 33.0% $104,425 $186,475

35.0% $372,950 - 35.0% $186,475 -

2008




10.0% $0 $16,050 10.0% $0 $8,025

15.0% $16,050 $65,100 15.0% $8,025 $32,550

25.0% $65,100 $131,450 25.0% $32,550 $65,725

28.0% $131,450 $200,300 28.0% $65,725 $100,150

33.0% $200,300 $357,700 33.0% $100,150 $178,850

35.0% $357,700 - 35.0% $178,850 -

2007




10.0% $0 $15,650 10.0% $0 $7,825


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15.0% $15,650 $63,700 15.0% $7,825 $31,850

25.0% $63,700 $128,500 25.0% $31,850 $64,250

28.0% $128,500 $195,850 28.0% $64,250 $97,925

33.0% $195,850 $349,700 33.0% $97,925 $174,850

35.0% $349,700 - 35.0% $174,850 -

2006Married Filing Jointly Married Filing Separately



10.0% $0 $15,100 10.0% $0 $7,550

15.0% $15,100 $61,300 15.0% $7,550 $30,650

25.0% $61,300 $123,700 25.0% $30,650 $61,850

28.0% $123,700 $188,450 28.0% $61,850 $94,225

33.0% $188,450 $336,550 33.0% $94,225 $168,275

35.0% $336,550 - 35.0% $168,275 -

2005




10.0% $0 $14,600 10.0% $0 $7,300

15.0% $14,600 $59,400 15.0% $7,300 $29,700

25.0% $59,400 $119,950 25.0% $29,700 $59,975

28.0% $119,950 $182,800 28.0% $59,975 $91,400

33.0% $182,800 $326,450 33.0% $91,400 $163,225

35.0% $326,450 - 35.0% $163,225 -

2004




10.0% $0 $14,300 10.0% $0 $7,150

15.0% $14,300 $58,100 15.0% $7,150 $29,050

25.0% $58,100 $117,250 25.0% $29,050 $58,625

28.0% $117,250 $178,650 28.0% $58,625 $89,325

33.0% $178,650 $319,100 33.0% $89,325 $159,550

35.0% $319,100 - 35.0% $159,550 -

2003

Last law to change rates: Jobs and Growth Tax Relief Reconciliation Act of 2003





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10.0% $0 $14,000 10.0% $0 $7,000

15.0% $14,000 $56,800 15.0% $7,000 $23,725

25.0% $56,800 $114,650 25.0% $23,725 $57,325

28.0% $114,650 $174,700 28.0% $57,325 $87,350

33.0% $174,700 $311,950 33.0% $87,350 $155,975

35.0% $311,950 - 35.0% $155,975 -

2002




10.0% $0 $12,000 10.0% $0 $6,000

15.0% $12,000 $46,700 15.0% $6,000 $23,350

27.0% $46,700 $112,850 27.0% $23,350 $56,425

30.0% $112,850 $171,950 30.0% $56,425 $85,975

35.0% $171,950 $307,050 35.0% $85,975 $153,52538.6% $307,050 - 38.6% $153,525 -

2001

Last law to change rates: Economic Growth and Tax Relief Reconciliation Act of 2001




15.0% $0 $45,200 15.0% $0 $22,600

27.5% $45,200 $109,250 27.5% $22,600 $54,625

30.5% $109,250 $166,500 30.5% $54,625 $83,250

35.5% $166,500 $297,350 35.5% $83,250 $148,675

39.1% $297,350 - 39.1% $148,675 -

2000




15.0% $0 $43,850 15.0% $0 $21,925

28.0% $43,850 $105,950 28.0% $21,925 $52,975

31.0% $105,950 $161,450 31.0% $52,975 $80,725

36.0% $161,450 $288,350 36.0% $80,725 $144,175

39.6% $288,350 - 39.6% $144,175 -

1999

Last law to change rates: Omnibus Budget Reconciliation Act of 1993



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15.0% $0 $43,050 15.0% $0 $21,525

28.0% $43,050 $104,050 28.0% $21,525 $52,025

31.0% $104,050 $158,550 31.0% $52,025 $79,275

36.0% $158,550 $283,150 36.0% $79,275 $141,575

39.6% $283,150 - 39.6% $141,575 -

1998





15.0% $0 $42,350 15.0% $0 $21,175

28.0% $42,350 $102,300 28.0% $21,175 $51,150

31.0% $102,300 $155,950 31.0% $51,150 $77,97536.0% $155,950 $278,450 36.0% $77,975 $139,225

39.6% $278,450 - 39.6% $139,225 -

1997





15.0% $0 $41,200 15.0% $0 $20,600

28.0% $41,200 $99,600 28.0% $20,600 $49,800

31.0% $99,600 $151,750 31.0% $49,800 $75,875

36.0% $151,750 $271,050 36.0% $75,875 $135,525

39.6% $271,050 - 39.6% $135,525 -

1996





15.0% $0 $40,100 15.0% $0 $20,050

28.0% $40,100 $96,900 28.0% $20,050 $48,450

31.0% $96,900 $147,700 31.0% $48,450 $73,850

36.0% $147,700 $263,750 36.0% $73,850 $131,875

39.6% $263,750 - 39.6% $131,875 -

1995


63/196


64/196

1991





15.0% $0 $34,000 15.0% $0 $17,00028.0% $34,000 $82,150 28.0% $17,000 $41,075

31.0% $82,150 - 31.0% $41,075 -

1990 (a)





15.0% $0 $32,450 15.0% $0 $16,22528.0% $32,450 $78,400 28.0% $16,225 $39,200

33.0% $78,400 $162,770 33.0% $39,200 $123,570

28.0% $162,770 - 28.0% $123,570 -

(a) The 33% rate "bubble" recaptured the revenue that upper-income taxpayers had saved by applying the 15% rate.

1989 (a)

Last law to change rates: Tax Reform Act of 1986




15.0% $0 $30,950 15.0% $0 $15,475

28.0% $30,950 $74,850 28.0% $15,475 $37,425

33.0% $74,850 $155,320 33.0% $37,425 $117,895

28.0% $155,320 - 28.0% $117,895 -


1988 (a)





15.0% $0 $29,750 15.0% $0 $14,875

28.0% $29,750 $71,900 28.0% $14,875 $35,950

33.0% $71,900 $149,250 33.0% $35,950 $113,300


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28.0% $149,250 - 28.0% $113,300 -


1987





11.0% $0 $3,000 11.0% $0 $1,500

15.0% $3,000 $28,000 15.0% $1,500 $14,000

28.0% $28,000 $45,000 28.0% $14,000 $22,500

35.0% $45,000 $90,000 35.0% $22,500 $45,000

38.5% $90,000 - 38.5% $45,000 -

1986Last law to change rates: Tax Reform Act of 1986




0.0% $0 $3,670 0.0% $0 $1,835

11.0% $3,670 $5,940 11.0% $1,835 $2,970

12.0% $5,940 $8,200 12.0% $2,970 $4,100

14.0% $8,200 $12,840 14.0% $4,100 $6,420

16.0% $12,840 $17,270 16.0% $6,420 $8,635

18.0% $17,270 $21,800 18.0% $8,635 $10,900

22.0% $21,800 $26,550 22.0% $10,900 $13,275

25.0% $26,550 $32,270 25.0% $13,275 $16,135

28.0% $32,270 $37,980 28.0% $16,135 $18,990

33.0% $37,980 $49,420 33.0% $18,990 $24,710

38.0% $49,420 $64,750 38.0% $24,710 $32,375

42.0% $64,750 $92,370 42.0% $32,375 $46,185

45.0% $92,370 $118,050 45.0% $46,185 $59,025

49.0% $118,050 $175,250 49.0% $59,025 $87,625

50.0% $175,250 - 50.0% $87,625 -

1985






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0.0% $0 $3,540 0.0% $0 $1,770

11.0% $3,540 $5,720 11.0% $1,770 $2,860

12.0% $5,720 $7,910 12.0% $2,860 $3,955

14.0% $7,910 $12,390 14.0% $3,955 $6,195

16.0% $12,390 $16,650 16.0% $6,195 $8,325

18.0% $16,650 $21,020 18.0% $8,325 $10,510

22.0% $21,020 $25,600 22.0% $10,510 $12,80025.0% $25,600 $31,120 25.0% $12,800 $15,560

28.0% $31,120 $36,630 28.0% $15,560 $18,315

33.0% $36,630 $47,670 33.0% $18,315 $23,835

38.0% $47,670 $62,450 38.0% $23,835 $31,225

42.0% $62,450 $89,090 42.0% $31,225 $44,545

45.0% $89,090 $113,860 45.0% $44,545 $56,930

49.0% $113,860 $169,020 49.0% $56,930 $84,510

50.0% $169,020 - 50.0% $84,510 -

1984

Last law to change rates or brackets: Tax Reform Act of 1984




0.0% $0 $3,400 0.0% $0 $1,700

11.0% $3,400 $5,500 11.0% $1,700 $2,750

12.0% $5,500 $7,600 12.0% $2,750 $3,800

14.0% $7,600 $11,900 14.0% $3,800 $5,950

16.0% $11,900 $16,000 16.0% $5,950 $8,000

18.0% $16,000 $20,200 18.0% $8,000 $10,100

22.0% $20,200 $24,600 22.0% $10,100 $12,300

25.0% $24,600 $29,900 25.0% $12,300 $14,950

28.0% $29,900 $35,200 28.0% $14,950 $17,600

33.0% $35,200 $45,800 33.0% $17,600 $22,900

38.0% $45,800 $60,000 38.0% $22,900 $30,000

42.0% $60,000 $85,600 42.0% $30,000 $42,800

45.0% $85,600 $109,400 45.0% $42,800 $54,700

49.0% $109,400 $162,400 49.0% $54,700 $81,200

50.0% $162,400 - 50.0% $81,200 -

Note: For tax years beginning after December 31, 1984 (except 1987 and 1988) tax brackets are adjusted for

inflation as measured by the Consumer Price Index.

1983

Last law to change rates or brackets: Tax Equity and Fiscal Responsibility Act of 1982


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0.0% $0 $3,400 0.0% $0 $1,700

11.0% $3,400 $5,500 11.0% $1,700 $2,750

13.0% $5,500 $7,600 13.0% $2,750 $3,800

15.0% $7,600 $11,900 15.0% $3,800 $5,95017.0% $11,900 $16,000 17.0% $5,950 $8,000

19.0% $16,000 $20,200 19.0% $8,000 $10,100

23.0% $20,200 $24,600 23.0% $10,100 $12,300

26.0% $24,600 $29,900 26.0% $12,300 $14,950

30.0% $29,900 $35,200 30.0% $14,950 $17,600

35.0% $35,200 $45,800 35.0% $17,600 $22,900

40.0% $45,800 $60,000 40.0% $22,900 $30,000

44.0% $60,000 $85,600 44.0% $30,000 $42,800

48.0% $85,600 $109,400 48.0% $42,800 $54,700

50.0% $109,400 - 50.0% $54,700 -

1982

Last law to change rates or brackets: Tax Equity and Fiscal Responsibility Act of 1982




0.0% $0 $3,400 0.0% $0 $1,700

12.0% $3,400 $5,500 12.0% $1,700 $2,750

14.0% $5,500 $7,600 14.0% $2,750 $3,800

16.0% $7,600 $11,900 16.0% $3,800 $5,950

19.0% $11,900 $16,000 19.0% $5,950 $8,000

22.0% $16,000 $20,200 22.0% $8,000 $10,100

25.0% $20,200 $24,600 25.0% $10,100 $12,300

29.0% $24,600 $29,900 29.0% $12,300 $14,950

33.0% $29,900 $35,200 33.0% $14,950 $17,600

39.0% $35,200 $45,800 39.0% $17,600 $22,900

44.0% $45,800 $60,000 44.0% $22,900 $30,000

49.0% $60,000 $85,600 49.0% $30,000 $42,800

50.0% $85,600 - 50.0% $42,800 -

1981

Last law to change rates or brackets: Economic Recovery Tax Act of 1981





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0.0% $0 $3,400 0.0% $0 $1,700

14.0% $3,400 $5,500 14.0% $1,700 $2,750

16.0% $5,500 $7,600 16.0% $2,750 $3,800

18.0% $7,600 $11,900 18.0% $3,800 $5,950

21.0% $11,900 $16,000 21.0% $5,950 $8,000

24.0% $16,000 $20,200 24.0% $8,000 $10,100

28.0% $20,200 $24,600 28.0% $10,100 $12,30032.0% $24,600 $29,900 32.0% $12,300 $14,950

37.0% $29,900 $35,200 37.0% $14,950 $17,600

43.0% $35,200 $45,800 43.0% $17,600 $22,900

49.0% $45,800 $60,000 49.0% $22,900 $30,000

54.0% $60,000 $85,600 54.0% $30,000 $42,800

59.0% $85,600 $109,400 59.0% $42,800 $54,700

64.0% $109,400 $162,400 64.0% $54,700 $81,200

68.0% $162,400 $215,400 68.0% $81,200 $107,700

70.0% $215,400 - 70.0% $107,700 -

1980

Last law to change rates or brackets: Revenue Act of 1978




0.0% $0 $3,400 0.0% $0 $1,700

14.0% $3,400 $5,500 14.0% $1,700 $2,750

16.0% $5,500 $7,600 16.0% $2,750 $3,800

18.0% $7,600 $11,900 18.0% $3,800 $5,950

21.0% $11,900 $16,000 21.0% $5,950 $8,000

24.0% $16,000 $20,200 24.0% $8,000 $10,100

28.0% $20,200 $24,600 28.0% $10,100 $12,300

32.0% $24,600 $29,900 32.0% $12,300 $14,950

37.0% $29,900 $35,200 37.0% $14,950 $17,600

43.0% $35,200 $45,800 43.0% $17,600 $22,900

49.0% $45,800 $60,000 49.0% $22,900 $30,000

54.0% $60,000 $85,600 54.0% $30,000 $42,800

59.0% $85,600 $109,400 59.0% $42,800 $54,700

64.0% $109,400 $162,400 64.0% $54,700 $81,200

68.0% $162,400 $215,400 68.0% $81,200 $107,700

70.0% $215,400 - 70.0% $107,700 -

1979



69/196




0.0% $0 $3,400 0.0% $0 $1,700

14.0% $3,400 $5,500 14.0% $1,700 $2,750

16.0% $5,500 $7,600 16.0% $2,750 $3,800

18.0% $7,600 $11,900 18.0% $3,800 $5,95021.0% $11,900 $16,000 21.0% $5,950 $8,000

24.0% $16,000 $20,200 24.0% $8,000 $10,100

28.0% $20,200 $24,600 28.0% $10,100 $12,300

32.0% $24,600 $29,900 32.0% $12,300 $14,950

37.0% $29,900 $35,200 37.0% $14,950 $17,600

43.0% $35,200 $45,800 43.0% $17,600 $22,900

49.0% $45,800 $60,000 49.0% $22,900 $30,000

54.0% $60,000 $85,600 54.0% $30,000 $42,800

59.0% $85,600 $109,400 59.0% $42,800 $54,700

64.0% $109,400 $162,400 64.0% $54,700 $81,20068.0% $162,400 $215,400 68.0% $81,200 $107,700

70.0% $215,400 - 70.0% $107,700 -

1978





0.0% $0 $3,200 0.0% $0 $1,600

14.0% $3,200 $4,200 14.0% $1,600 $2,100

15.0% $4,200 $5,200 15.0% $2,100 $2,600

16.0% $5,200 $6,200 16.0% $2,600 $3,100

17.0% $6,200 $7,200 17.0% $3,100 $3,600

19.0% $7,200 $11,200 19.0% $3,600 $5,600

22.0% $11,200 $15,200 22.0% $5,600 $7,600

25.0% $15,200 $19,200 25.0% $7,600 $9,500

28.0% $19,200 $23,200 28.0% $9,500 $11,600

32.0% $23,200 $27,200 32.0% $11,600 $13,600

36.0% $27,200 $31,200 36.0% $13,600 $15,600

39.0% $31,200 $35,200 39.0% $15,600 $17,600

42.0% $35,200 $39,200 42.0% $17,600 $19,600

45.0% $39,200 $43,200 45.0% $19,600 $21,600

48.0% $43,200 $47,200 48.0% $21,600 $23,600

50.0% $47,200 $55,200 50.0% $23,600 $27,600

53.0% $55,200 $67,200 53.0% $27,600 $33,600

55.0% $67,200 $79,200 55.0% $33,600 $39,600


70/196

58.0% $79,200 $91,200 58.0% $39,600 $45,600

60.0% $91,200 $103,200 60.0% $45,600 $51,600

62.0% $103,200 $123,200 62.0% $51,600 $61,600

64.0% $123,200 $143,200 64.0% $61,600 $71,600

66.0% $143,200 $163,200 66.0% $71,600 $81,600

68.0% $163,200 $183,200 68.0% $81,600 $91,600

69.0% $183,200 $203,200 69.0% $91,600 $101,60070.0% $203,200 - 70.0% $101,600 -

1977

Last law to change rates or brackets: Tax Reduction and Simplification Act of 1977




0.0% $0 $3,200 0.0% $0 $1,600

14.0% $3,200 $4,200 14.0% $1,600 $2,100

15.0% $4,200 $5,200 15.0% $2,100 $2,600

16.0% $5,200 $6,200 16.0% $2,600 $3,100

17.0% $6,200 $7,200 17.0% $3,100 $3,600

19.0% $7,200 $11,200 19.0% $3,600 $5,600

22.0% $11,200 $15,200 22.0% $5,600 $7,600

25.0% $15,200 $19,200 25.0% $7,600 $9,500

28.0% $19,200 $23,200 28.0% $9,500 $11,600

32.0% $23,200 $27,200 32.0% $11,600 $13,600

36.0% $27,200 $31,200 36.0% $13,600 $15,600

39.0% $31,200 $35,200 39.0% $15,600 $17,600

42.0% $35,200 $39,200 42.0% $17,600 $19,600

45.0% $39,200 $43,200 45.0% $19,600 $21,600

48.0% $43,200 $47,200 48.0% $21,600 $23,600

50.0% $47,200 $55,200 50.0% $23,600 $27,600

53.0% $55,200 $67,200 53.0% $27,600 $33,600

55.0% $67,200 $79,200 55.0% $33,600 $39,600

58.0% $79,200 $91,200 58.0% $39,600 $45,600

60.0% $91,200 $103,200 60.0% $45,600 $51,600

62.0% $103,200 $123,200 62.0% $51,600 $61,600

64.0% $123,200 $143,200 64.0% $61,600 $71,600


71/196

66.0% $143,200 $163,200 66.0% $71,600 $81,600

68.0% $163,200 $183,200 68.0% $81,600 $91,600

69.0% $183,200 $203,200 69.0% $91,600 $101,600

70.0% $203,200 - 70.0% $101,600 -

1976


Married Filing Jointly Married Filing SeparatelyMarginal Tax Brackets Marginal Tax Brackets


14.0% $0 $1,000 14.0% $0 $500

15.0% $1,000 $2,000 15.0% $500 $1,000

16.0% $2,000 $3,000 16.0% $1,000 $1,500

17.0% $3,000 $4,000 17.0% $1,500 $2,000

19.0% $4,000 $8,000 19.0% $2,000 $4,000

22.0% $8,000 $12,000 22.0% $4,000 $6,000

25.0% $12,000 $16,000 25.0% $6,000 $8,000

28.0% $16,000 $20,000 28.0% $8,000 $10,000

32.0% $20,000 $24,000 32.0% $10,000 $12,000

36.0% $24,000 $28,000 36.0% $12,000 $14,000

39.0% $28,000 $32,000 39.0% $14,000 $16,000

42.0% $32,000 $36,000 42.0% $16,000 $18,000

45.0% $36,000 $40,000 45.0% $18,000 $20,000

48.0% $40,000 $44,000 48.0% $20,000 $22,000

50.0% $44,000 $52,000 50.0% $22,000 $26,000

53.0% $52,000 $64,000 53.0% $26,000 $32,000

55.0% $64,000 $76,000 55.0% $32,000 $38,000

58.0% $76,000 $88,000 58.0% $38,000 $44,000

60.0% $88,000 $100,000 60.0% $44,000 $50,000

62.0% $100,000 $120,000 62.0% $50,000 $60,000

64.0% $120,000 $140,000 64.0% $60,000 $70,000

66.0% $140,000 $160,000 66.0% $70,000 $80,000

68.0% $160,000 $180,000 68.0% $80,000 $90,000

69.0% $180,000 $200,000 69.0% $90,000 $100,000

70.0% $200,000 - 70.0% $100,000 -


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1975





14.0% $0 $1,000 14.0% $0 $500

15.0% $1,000 $2,000 15.0% $500 $1,00016.0% $2,000 $3,000 16.0% $1,000 $1,500

17.0% $3,000 $4,000 17.0% $1,500 $2,000

19.0% $4,000 $8,000 19.0% $2,000 $4,000

22.0% $8,000 $12,000 22.0% $4,000 $6,000

25.0% $12,000 $16,000 25.0% $6,000 $8,000

28.0% $16,000 $20,000 28.0% $8,000 $10,000

32.0% $20,000 $24,000 32.0% $10,000 $12,000

36.0% $24,000 $28,000 36.0% $12,000 $14,000

39.0% $28,000 $32,000 39.0% $14,000 $16,000

42.0% $32,000 $36,000 42.0% $16,000 $18,000

45.0% $36,000 $40,000 45.0% $18,000 $20,000

48.0% $40,000 $44,000 48.0% $20,000 $22,000

50.0% $44,000 $52,000 50.0% $22,000 $26,000

53.0% $52,000 $64,000 53.0% $26,000 $32,000

55.0% $64,000 $76,000 55.0% $32,000 $38,000

58.0% $76,000 $88,000 58.0% $38,000 $44,000

60.0% $88,000 $100,000 60.0% $44,000 $50,000

62.0% $100,000 $120,000 62.0% $50,000 $60,000

64.0% $120,000 $140,000 64.0% $60,000 $70,000

66.0% $140,000 $160,000 66.0% $70,000 $80,000

68.0% $160,000 $180,000 68.0% $80,000 $90,000

69.0% $180,000 $200,000 69.0% $90,000 $100,000

70.0% $200,000 - 70.0% $100,000 -


73/196

1974





14.0% $0 $1,000 14.0% $0 $500

15.0% $1,000 $2,000 15.0% $500 $1,000

16.0% $2,000 $3,000 16.0% $1,000 $1,500

17.0% $3,000 $4,000 17.0% $1,500 $2,000

19.0% $4,000 $8,000 19.0% $2,000 $4,000

22.0% $8,000 $12,000 22.0% $4,000 $6,000

25.0% $12,000 $16,000 25.0% $6,000 $8,00028.0% $16,000 $20,000 28.0% $8,000 $10,000

32.0% $20,000 $24,000 32.0% $10,000 $12,000

36.0% $24,000 $28,000 36.0% $12,000 $14,000

39.0% $28,000 $32,000 39.0% $14,000 $16,000

42.0% $32,000 $36,000 42.0% $16,000 $18,000

45.0% $36,000 $40,000 45.0% $18,000 $20,000

48.0% $40,000 $44,000 48.0% $20,000 $22,000

50.0% $44,000 $52,000 50.0% $22,000 $26,000

53.0% $52,000 $64,000 53.0% $26,000 $32,000

55.0% $64,000 $76,000 55.0% $32,000 $38,000

58.0% $76,000 $88,000 58.0% $38,000 $44,000

60.0% $88,000 $100,000 60.0% $44,000 $50,000

62.0% $100,000 $120,000 62.0% $50,000 $60,000

64.0% $120,000 $140,000 64.0% $60,000 $70,000

66.0% $140,000 $160,000 66.0% $70,000 $80,000

68.0% $160,000 $180,000 68.0% $80,000 $90,000

69.0% $180,000 $200,000 69.0% $90,000 $100,000

70.0% $200,000 - 70.0% $100,000 -

1973


74/196





14.0% $0 $1,000 14.0% $0 $500

15.0% $1,000 $2,000 15.0% $500 $1,00016.0% $2,000 $3,000 16.0% $1,000 $1,500

17.0% $3,000 $4,000 17.0% $1,500 $2,000

19.0% $4,000 $8,000 19.0% $2,000 $4,000

22.0% $8,000 $12,000 22.0% $4,000 $6,000

25.0% $12,000 $16,000 25.0% $6,000 $8,000

28.0% $16,000 $20,000 28.0% $8,000 $10,000

32.0% $20,000 $24,000 32.0% $10,000 $12,000

36.0% $24,000 $28,000 36.0% $12,000 $14,000

39.0% $28,000 $32,000 39.0% $14,000 $16,000

42.0% $32,000 $36,000 42.0% $16,000 $18,00045.0% $36,000 $40,000 45.0% $18,000 $20,000

48.0% $40,000 $44,000 48.0% $20,000 $22,000

50.0% $44,000 $52,000 50.0% $22,000 $26,000

53.0% $52,000 $64,000 53.0% $26,000 $32,000

55.0% $64,000 $76,000 55.0% $32,000 $38,000

58.0% $76,000 $88,000 58.0% $38,000 $44,000

60.0% $88,000 $100,000 60.0% $44,000 $50,000

62.0% $100,000 $120,000 62.0% $50,000 $60,000

64.0% $120,000 $140,000 64.0% $60,000 $70,000

66.0% $140,000 $160,000 66.0% $70,000 $80,000

68.0% $160,000 $180,000 68.0% $80,000 $90,000

69.0% $180,000 $200,000 69.0% $90,000 $100,000

70.0% $200,000 - 70.0% $100,000 -

1972






75/196

14.0% $0 $1,000 14.0% $0 $500

15.0% $1,000 $2,000 15.0% $500 $1,000

16.0% $2,000 $3,000 16.0% $1,000 $1,500

17.0% $3,000 $4,000 17.0% $1,500 $2,000

19.0% $4,000 $8,000 19.0% $2,000 $4,000

22.0% $8,000 $12,000 22.0% $4,000 $6,000

25.0% $12,000 $16,000 25.0% $6,000 $8,00028.0% $16,000 $20,000 28.0% $8,000 $10,000

32.0% $20,000 $24,000 32.0% $10,000 $12,000

36.0% $24,000 $28,000 36.0% $12,000 $14,000

39.0% $28,000 $32,000 39.0% $14,000 $16,000

42.0% $32,000 $36,000 42.0% $16,000 $18,000

45.0% $36,000 $40,000 45.0% $18,000 $20,000

48.0% $40,000 $44,000 48.0% $20,000 $22,000

50.0% $44,000 $52,000 50.0% $22,000 $26,000

53.0% $52,000 $64,000 53.0% $26,000 $32,000

55.0% $64,000 $76,000 55.0% $32,000 $38,00058.0% $76,000 $88,000 58.0% $38,000 $44,000

60.0% $88,000 $100,000 60.0% $44,000 $50,000

62.0% $100,000 $120,000 62.0% $50,000 $60,000

64.0% $120,000 $140,000 64.0% $60,000 $70,000

66.0% $140,000 $160,000 66.0% $70,000 $80,000

68.0% $160,000 $180,000 68.0% $80,000 $90,000

69.0% $180,000 $200,000 69.0% $90,000 $100,000

70.0% $200,000 - 70.0% $100,000 -

1971 (a)





14.0% $0 $1,000 14.0% $0 $500

15.0% $1,000 $2,000 15.0% $500 $1,000

16.0% $2,000 $3,000 16.0% $1,000 $1,500

17.0% $3,000 $4,000 17.0% $1,500 $2,000

19.0% $4,000 $8,000 19.0% $2,000 $4,000


76/196

22.0% $8,000 $12,000 22.0% $4,000 $6,000

25.0% $12,000 $16,000 25.0% $6,000 $8,000

28.0% $16,000 $20,000 28.0% $8,000 $10,000

32.0% $20,000 $24,000 32.0% $10,000 $12,000

36.0% $24,000 $28,000 36.0% $12,000 $14,000

39.0% $28,000 $32,000 39.0% $14,000 $16,000

42.0% $32,000 $36,000 42.0% $16,000 $18,00045.0% $36,000 $40,000 45.0% $18,000 $20,000

48.0% $40,000 $44,000 48.0% $20,000 $22,000

50.0% $44,000 $52,000 50.0% $22,000 $26,000

53.0% $52,000 $64,000 53.0% $26,000 $32,000

55.0% $64,000 $76,000 55.0% $32,000 $38,000

58.0% $76,000 $88,000 58.0% $38,000 $44,000

60.0% $88,000 $100,000 60.0% $44,000 $50,000

62.0% $100,000 $120,000 62.0% $50,000 $60,000

64.0% $120,000 $140,000 64.0% $60,000 $70,000

66.0% $140,000 $160,000 66.0% $70,000 $80,00068.0% $160,000 $180,000 68.0% $80,000 $90,000

69.0% $180,000 $200,000 69.0% $90,000 $100,000

70.0% $200,000 - 70.0% $100,000 -

(a) The Tax Reform Act of 1969 provided lower tax rates for single filers.

1970





14.0% $0 $1,000 14.0% $0 $500

15.0% $1,000 $2,000 15.0% $500 $1,000

16.0% $2,000 $3,000 16.0% $1,000 $1,500

17.0% $3,000 $4,000 17.0% $1,500 $2,000

19.0% $4,000 $8,000 19.0% $2,000 $4,000

22.0% $8,000 $12,000 22.0% $4,000 $6,000

25.0% $12,000 $16,000 25.0% $6,000 $8,000

28.0% $16,000 $20,000 28.0% $8,000 $10,000


77/196

32.0% $20,000 $24,000 32.0% $10,000 $12,000

36.0% $24,000 $28,000 36.0% $12,000 $14,000

39.0% $28,000 $32,000 39.0% $14,000 $16,000

42.0% $32,000 $36,000 42.0% $16,000 $18,000

45.0% $36,000 $40,000 45.0% $18,000 $20,000

48.0% $40,000 $44,000 48.0% $20,000 $22,000

50.0% $44,000 $52,000 50.0% $22,000 $26,00053.0% $52,000 $64,000 53.0% $26,000 $32,000

55.0% $64,000 $76,000 55.0% $32,000 $38,000

58.0% $76,000 $88,000 58.0% $38,000 $44,000

60.0% $88,000 $100,000 60.0% $44,000 $50,000

62.0% $100,000 $120,000 62.0% $50,000 $60,000

64.0% $120,000 $140,000 64.0% $60,000 $70,000

66.0% $140,000 $160,000 66.0% $70,000 $80,000

68.0% $160,000 $180,000 68.0% $80,000 $90,000

69.0% $180,000 $200,000 69.0% $90,000 $100,000

70.0% $200,000 - 70.0% $100,000 -

Note: Excludes effect of 2.5 percent surtax.

1969





14.0% $0 $1,000 14.0% $0 $500

15.0% $1,000 $2,000 15.0% $500 $1,000

16.0% $2,000 $3,000 16.0% $1,000 $1,500

17.0% $3,000 $4,000 17.0% $1,500 $2,000

19.0% $4,000 $8,000 19.0% $2,000 $4,000

22.0% $8,000 $12,000 22.0% $4,000 $6,000

25.0% $12,000 $16,000 25.0% $6,000 $8,000

28.0% $16,000 $20,000 28.0% $8,000 $10,000

32.0% $20,000 $24,000 32.0% $10,000 $12,000

36.0% $24,000 $28,000 36.0% $12,000 $14,000

39.0% $28,000 $32,000 39.0% $14,000 $16,000


78/196

42.0% $32,000 $36,000 42.0% $16,000 $18,000

45.0% $36,000 $40,000 45.0% $18,000 $20,000

48.0% $40,000 $44,000 48.0% $20,000 $22,000

50.0% $44,000 $52,000 50.0% $22,000 $26,000

53.0% $52,000 $64,000 53.0% $26,000 $32,000

55.0% $64,000 $76,000 55.0% $32,000 $38,000

58.0% $76,000 $88,000 58.0% $38,000 $44,00060.0% $88,000 $100,000 60.0% $44,000 $50,000

62.0% $100,000 $120,000 62.0% $50,000 $60,000

64.0% $120,000 $140,000 64.0% $60,000 $70,000

66.0% $140,000 $160,000 66.0% $70,000 $80,000

68.0% $160,000 $180,000 68.0% $80,000 $90,000

69.0% $180,000 $200,000 69.0% $90,000 $100,000

70.0% $200,000 - 70.0% $100,000 -

Note: Excludes effect of 10 percent surtax.

1968





14.0% $0 $1,000 14.0% $0 $500

15.0% $1,000 $2,000 15.0% $500 $1,000

16.0% $2,000 $3,000 16.0% $1,000 $1,500

17.0% $3,000 $4,000 17.0% $1,500 $2,000

19.0% $4,000 $8,000 19.0% $2,000 $4,000

22.0% $8,000 $12,000 22.0% $4,000 $6,000

25.0% $12,000 $16,000 25.0% $6,000 $8,000

28.0% $16,000 $20,000 28.0% $8,000 $10,000

32.0% $20,000 $24,000 32.0% $10,000 $12,000

36.0% $24,000 $28,000 36.0% $12,000 $14,000

39.0% $28,000 $32,000 39.0% $14,000 $16,000

42.0% $32,000 $36,000 42.0% $16,000 $18,000

45.0% $36,000 $40,000 45.0% $18,000 $20,000

48.0% $40,000 $44,000 48.0% $20,000 $22,000


79/196

50.0% $44,000 $52,000 50.0% $22,000 $26,000

53.0% $52,000 $64,000 53.0% $26,000 $32,000

55.0% $64,000 $76,000 55.0% $32,000 $38,000

58.0% $76,000 $88,000 58.0% $38,000 $44,000

60.0% $88,000 $100,000 60.0% $44,000 $50,000

62.0% $100,000 $120,000 62.0% $50,000 $60,000

64.0% $120,000 $140,000 64.0% $60,000 $70,00066.0% $140,000 $160,000 66.0% $70,000 $80,000

68.0% $160,000 $180,000 68.0% $80,000 $90,000

69.0% $180,000 $200,000 69.0% $90,000 $100,000

70.0% $200,000 - 70.0% $100,000 -

Note: Excludes effect of 7.5 percent surtax.

1967





14.0% $0 $1,000 14.0% $0 $500

15.0% $1,000 $2,000 15.0% $500 $1,000

16.0% $2,000 $3,000 16.0% $1,000 $1,500

17.0% $3,000 $4,000 17.0% $1,500 $2,000

19.0% $4,000 $8,000 19.0% $2,000 $4,000

22.0% $8,000 $12,000 22.0% $4,000 $6,000

25.0% $12,000 $16,000 25.0% $6,000 $8,000

28.0% $16,000 $20,000 28.0% $8,000 $10,000

32.0% $20,000 $24,000 32.0% $10,000 $12,000

36.0% $24,000 $28,000 36.0% $12,000 $14,000

39.0% $28,000 $32,000 39.0% $14,000 $16,000

42.0% $32,000 $36,000 42.0% $16,000 $18,000

45.0% $36,000 $40,000 45.0% $18,000 $20,000

48.0% $40,000 $44,000 48.0% $20,000 $22,000

50.0% $44,000 $52,000 50.0% $22,000 $26,000

53.0% $52,000 $64,000 53.0% $26,000 $32,000

55.0% $64,000 $76,000 55.0% $32,000 $38,000


80/196

58.0% $76,000 $88,000 58.0% $38,000 $44,000

60.0% $88,000 $100,000 60.0% $44,000 $50,000

62.0% $100,000 $120,000 62.0% $50,000 $60,000

64.0% $120,000 $140,000 64.0% $60,000 $70,000

66.0% $140,000 $160,000 66.0% $70,000 $80,000

68.0% $160,000 $180,000 68.0% $80,000 $90,000

69.0% $180,000 $200,000 69.0% $90,000 $100,00070.0% $200,000 - 70.0% $100,000 -

1966





14.0% $0 $1,000 14.0% $0 $500

15.0% $1,000 $2,000 15.0% $500 $1,000

16.0% $2,000 $3,000 16.0% $1,000 $1,500

17.0% $3,000 $4,000 17.0% $1,500 $2,000

19.0% $4,000 $8,000 19.0% $2,000 $4,000

22.0% $8,000 $12,000 22.0% $4,000 $6,000

25.0% $12,000 $16,000 25.0% $6,000 $8,000

28.0% $16,000 $20,000 28.0% $8,000 $10,000

32.0% $20,000 $24,000 32.0% $10,000 $12,000

36.0% $24,000 $28,000 36.0% $12,000 $14,000

39.0% $28,000 $32,000 39.0% $14,000 $16,000

42.0% $32,000 $36,000 42.0% $16,000 $18,000

45.0% $36,000 $40,000 45.0% $18,000 $20,000

48.0% $40,000 $44,000 48.0% $20,000 $22,000

50.0% $44,000 $52,000 50.0% $22,000 $26,000

53.0% $52,000 $64,000 53.0% $26,000 $32,000

55.0% $64,000 $76,000 55.0% $32,000 $38,000

58.0% $76,000 $88,000 58.0% $38,000 $44,000

60.0% $88,000 $100,000 60.0% $44,000 $50,000

62.0% $100,000 $120,000 62.0% $50,000 $60,000

64.0% $120,000 $140,000 64.0% $60,000 $70,000

66.0% $140,000 $160,000 66.0% $70,000 $80,000


81/196

68.0% $160,000 $180,000 68.0% $80,000 $90,000

69.0% $180,000 $200,000 69.0% $90,000 $100,000

70.0% $200,000 - 70.0% $100,000 -

1965



Marginal Tax Brackets Marginal Tax BracketsTax Rate Over But Not Over Tax Rate Over But Not Over

14.0% $0 $1,000 14.0% $0 $500

15.0% $1,000 $2,000 15.0% $500 $1,000

16.0% $2,000 $3,000 16.0% $1,000 $1,500

17.0% $3,000 $4,000 17.0% $1,500 $2,000

19.0% $4,000 $8,000 19.0% $2,000 $4,000

22.0% $8,000 $12,000 22.0% $4,000 $6,000

25.0% $12,000 $16,000 25.0% $6,000 $8,000

28.0% $16,000 $20,000 28.0% $8,000 $10,000

32.0% $20,000 $24,000 32.0% $10,000 $12,000

36.0% $24,000 $28,000 36.0% $12,000 $14,000

39.0% $28,000 $32,000 39.0% $14,000 $16,000

42.0% $32,000 $36,000 42.0% $16,000 $18,000

45.0% $36,000 $40,000 45.0% $18,000 $20,000

48.0% $40,000 $44,000 48.0% $20,000 $22,000

50.0% $44,000 $52,000 50.0% $22,000 $26,000

53.0% $52,000 $64,000 53.0% $26,000 $32,000

55.0% $64,000 $76,000 55.0% $32,000 $38,000

58.0% $76,000 $88,000 58.0% $38,000 $44,000

60.0% $88,000 $100,000 60.0% $44,000 $50,000

62.0% $100,000 $120,000 62.0% $50,000 $60,000

64.0% $120,000 $140,000 64.0% $60,000 $70,000

66.0% $140,000 $160,000 66.0% $70,000 $80,000

68.0% $160,000 $180,000 68.0% $80,000 $90,000

69.0% $180,000 $200,000 69.0% $90,000 $100,000

70.0% $200,000 - 70.0% $100,000 -


82/196

1964





16.0% $0 $1,000 16.0% $0 $500

16.5% $1,000 $2,000 16.5% $500 $1,000

17.5% $2,000 $3,000 17.5% $1,000 $1,500

18.0% $3,000 $4,000 18.0% $1,500 $2,00020.0% $4,000 $8,000 20.0% $2,000 $4,000

23.5% $8,000 $12,000 23.5% $4,000 $6,000

27.0% $12,000 $16,000 27.0% $6,000 $8,000

30.5% $16,000 $20,000 30.5% $8,000 $10,000

34.0% $20,000 $24,000 34.0% $10,000 $12,000

37.5% $24,000 $28,000 37.5% $12,000 $14,000

41.0% $28,000 $32,000 41.0% $14,000 $16,000

44.5% $32,000 $36,000 44.5% $16,000 $18,000

47.5% $36,000 $40,000 47.5% $18,000 $20,000

50.5% $40,000 $44,000 50.5% $20,000 $22,000

53.5% $44,000 $52,000 53.5% $22,000 $26,000

56.0% $52,000 $64,000 56.0% $26,000 $32,000

58.5% $64,000 $76,000 58.5% $32,000 $38,000

61.0% $76,000 $88,000 61.0% $38,000 $44,000

63.5% $88,000 $100,000 63.5% $44,000 $50,000

66.0% $100,000 $120,000 66.0% $50,000 $60,000

68.5% $120,000 $140,000 68.5% $60,000 $70,000

71.0% $140,000 $160,000 71.0% $70,000 $80,000

73.5% $160,000 $180,000 73.5% $80,000 $90,000

75.0% $180,000 $200,000 75.0% $90,000 $100,000

76.5% $200,000 $400,000 76.5% $100,000 $200,000

77.0% $400,000 - 77.0% $200,000 -


83/196

1963

Last law to change rates or brackets: Internal Revenue Code of 1954




20.0% $0 $4,000 20.0% $0 $2,000

22.0% $4,000 $8,000 22.0% $2,000 $4,000

26.0% $8,000 $12,000 26.0% $4,000 $6,000

30.0% $12,000 $16,000 30.0% $6,000 $8,000

34.0% $16,000 $20,000 34.0% $8,000 $10,000

38.0% $20,000 $24,000 38.0% $10,000 $12,00043.0% $24,000 $28,000 43.0% $12,000 $14,000

47.0% $28,000 $32,000 47.0% $14,000 $16,000

50.0% $32,000 $36,000 50.0% $16,000 $18,000

53.0% $36,000 $40,000 53.0% $18,000 $20,000

56.0% $40,000 $44,000 56.0% $20,000 $22,000

59.0% $44,000 $52,000 59.0% $22,000 $26,000

62.0% $52,000 $64,000 62.0% $26,000 $32,000

65.0% $64,000 $76,000 65.0% $32,000 $38,000

69.0% $76,000 $88,000 69.0% $38,000 $44,000

72.0% $88,000 $100,000 72.0% $44,000 $50,000

75.0% $100,000 $120,000 75.0% $50,000 $60,000

78.0% $120,000 $140,000 78.0% $60,000 $70,000

81.0% $140,000 $160,000 81.0% $70,000 $80,000

84.0% $160,000 $180,000 84.0% $80,000 $90,000

87.0% $180,000 $200,000 87.0% $90,000 $100,000

89.0% $200,000 $300,000 89.0% $100,000 $150,000

90.0% $300,000 $400,000 90.0% $150,000 $200,000

91.0% $400,000 - 91.0% $200,000 -

1962





20.0% $0 $4,000 20.0% $0 $2,000


84/196

22.0% $4,000 $8,000 22.0% $2,000 $4,000

26.0% $8,000 $12,000 26.0% $4,000 $6,000

30.0% $12,000 $16,000 30.0% $6,000 $8,000

34.0% $16,000 $20,000 34.0% $8,000 $10,000

38.0% $20,000 $24,000 38.0% $10,000 $12,000

43.0% $24,000 $28,000 43.0% $12,000 $14,000

47.0% $28,000 $32,000 47.0% $14,000 $16,00050.0% $32,000 $36,000 50.0% $16,000 $18,000

53.0% $36,000 $40,000 53.0% $18,000 $20,000

56.0% $40,000 $44,000 56.0% $20,000 $22,000

59.0% $44,000 $52,000 59.0% $22,000 $26,000

62.0% $52,000 $64,000 62.0% $26,000 $32,000

65.0% $64,000 $76,000 65.0% $32,000 $38,000

69.0% $76,000 $88,000 69.0% $38,000 $44,000

72.0% $88,000 $100,000 72.0% $44,000 $50,000

75.0% $100,000 $120,000 75.0% $50,000 $60,000

78.0% $120,000 $140,000 78.0% $60,000 $70,00081.0% $140,000 $160,000 81.0% $70,000 $80,000

84.0% $160,000 $180,000 84.0% $80,000 $90,000

87.0% $180,000 $200,000 87.0% $90,000 $100,000

89.0% $200,000 $300,000 89.0% $100,000 $150,000

90.0% $300,000 $400,000 90.0% $150,000 $200,000

91.0% $400,000 - 91.0% $200,000 -

1961





20.0% $0 $4,000 20.0% $0 $2,000

22.0% $4,000 $8,000 22.0% $2,000 $4,000

26.0% $8,000 $12,000 26.0% $4,000 $6,000

30.0% $12,000 $16,000 30.0% $6,000 $8,000

34.0% $16,000 $20,000 34.0% $8,000 $10,000

38.0% $20,000 $24,000 38.0% $10,000 $12,000

43.0% $24,000 $28,000 43.0% $12,000 $14,000

47.0% $28,000 $32,000 47.0% $14,000 $16,000

50.0% $32,000 $36,000 50.0% $16,000 $18,000

53.0% $36,000 $40,000 53.0% $18,000 $20,000

56.0% $40,000 $44,000 56.0% $20,000 $22,000

59.0% $44,000 $52,000 59.0% $22,000 $26,000

62.0% $52,000 $64,000 62.0% $26,000 $32,000


85/196

65.0% $64,000 $76,000 65.0% $32,000 $38,000

69.0% $76,000 $88,000 69.0% $38,000 $44,000

72.0% $88,000 $100,000 72.0% $44,000 $50,000

75.0% $100,000 $120,000 75.0% $50,000 $60,000

78.0% $120,000 $140,000 78.0% $60,000 $70,000

81.0% $140,000 $160,000 81.0% $70,000 $80,000

84.0% $160,000 $180,000 84.0% $80,000 $90,00087.0% $180,000 $200,000 87.0% $90,000 $100,000

89.0% $200,000 $300,000 89.0% $100,000 $150,000

90.0% $300,000 $400,000 90.0% $150,000 $200,000

91.0% $400,000 - 91.0% $200,000 -

1960



Marginal Tax Brackets Marginal Tax B

Documents

IBTimes - U.S. Income Tax Rate, Tax Receipts, GDP