Tuesday, July 12, 2011

Top Marginal Tax Rate, 1913-2011

Taken from data appearing on the website:

Note from the site:
"This table contains a number of simplifications and ignores a number of factors, such as a maximum tax on earned income of 50 percent when the top rate was 70 percent and the current increase in rates due to income-related reductions in value of itemized deductions. Perhaps most importantly, it ignores the large increase in percentage of returns that were subject to this top rate."

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