U.S. U.S. Federal Individual Income Tax Rates History, 1862-2013 (Nominal and Inflation-Adjusted Brackets) October 17, 2013 To zoom in, print, select text or search the … Individual Income Tax: Personal Exemptions and Lowest and Highest Bracket Tax Rates, and Tax Base for Regular Tax. However, the constitutionality of income taxation was widely held in doubt (see Pollock v. Farmers' Loan & Trust Co.) until 1913 with the ratification of the 16th Amendment. War is expensive. Historical Shares of Federal Tax Liabilities for Elderly Childless Households. Table 24. Table 23. Individual Income Tax: Personal Exemptions and Lowest and Highest Bracket Tax Rates, and Tax Base for Regular Tax. In order to finance U.S. participation in World War One, Congress passed the 1916 Revenue Act, and then the War Revenue Act of 1917. Tax Years 1913 - 2015 Table 23 XLS Corporation Income Tax: Tax Brackets and Rates.
Data Presented U.S. Historical highest marginal personal income tax rates, 1913 to 2020. U.S.
Tax rates and bands. Appendix to Selected Historical and Other Data Tables.
Tax is paid on the amount of taxable income remaining after allowances have been deducted. Download toprate_historical.xlsx (12.15 KB)
Download toprate_historical.pdf (8.91 KB). Federal Individual Income Tax Rates History Nominal Dollars Income Years 1913-2013 Nominal ... Tax Rate Over But Not Over Tax Rate Over But Not Over Tax Rate Over But Not Over Tax Rate Over But Not Over 10.0% $0 $14,600 10.0% $0 $7,300 10.0% $0 $7,300 10.0% $0 $10,450
Historical Average Federal Tax Rates for Households with Children. The history of income taxation in the United States began in the 19th century with the imposition of income taxes to fund war efforts.
Individual Taxes. After the war, federal income tax rates took on the steam of the roaring 1920s, dropping to 25 percent from 1925 through 1931.
The highest income tax rate jumped from 15 percent in 1916 to 67 percent in 1917 to 77 percent in 1918. Historical and future rates. Appendix to Selected Historical and Other Data Tables. Average federal tax rates for households with children, by comprehensive household income quintile, 1979 to 2016.