History of Federal Individual Income Tax Rates - U.S.A.

Bottom and Top Brackets
[In dollar amounts unless otherwise specified]

	Tax Rates¹
	Bottom bracket		Top bracket
Calendar Year	Rate (percent)	Taxable income up to	Rate (percent)	Taxable income over

1913-15	1	$20,000	7	$500,000
1916	2	20,000	15	2,000,000
1917	2	2,000	67	2,000,000
1918	6	4,000	77	1,000,000
1919-20	4	4,000	73	1,000,000
1921	4	4,000	73	1,000,000
1922	4	4,000	56	200,000
1923	3	4,000	56	200,000
1924	²1.5	4,000	46	500,000
1925-28	²1?	4,000	25	100,000
1929	²4?	4,000	24	100,000
1930-31	²1?	4,000	25	100,000
1932-33	4	4,000	63	1,000,000
1934-35	³4	4,000	63	1,000,000
1936-39	³4	4,000	79	5,000,000
1940	³4.4	4,000	81.1	5,000,000
1941	³10	2,000	81	5,000,000
1942-43³	³19	2,000	88	200,000
1944-45	23	2,000	⁵94	200,000
1946-47	19	2,000	⁵86.45	200,000
1948-49	16.6	4,000	⁵82.13	400,000
1950	17.4	4,000	⁵91	400,000
1951	20.4	4,000	⁵91	400,000
1952-53	22.2	4,000	⁵92	400,000
1954-63	20	4,000	⁵91	400,000
1964	16	1,000	77	400,000
1965-67	14	1,000	70	200,000
1968	14	1,000	⁶75.25	200,000
1969	14	1,000	⁶77	200,000
1970	14	1,000	⁶71.75	200,000
1971	14	1,000	⁷70	200,000
1972-78	⁸14	1,000	⁷70	200,000
1979-80	⁸14	2,100	⁷70	212,000
1981	⁸ ⁹13.825	2,100	⁷ ⁹69.125	212,000
1982	⁸12	2,100	50	106,000
1983	⁸11	2,100	50	106,000
1984	⁸11	2,100	50	159,000
1985	⁸11	2,180	50	165,480
1986	⁸11	2,270	50	171,580
1987	⁸11	3,000	38.5	90,000
1988	⁸15	29,750	¹⁰28	29,750
1989	⁸15	30,950	¹⁰28	30,950
1990	⁸15	32,450	¹⁰28	32,450
1991	⁸15	34,000	31	82,150
1992	⁸15	35,800	31	86,500
1993	⁸15	36,900	39.6	250,000
1994	⁸15	38,000	39.6	250,000
1995	⁸15	39,000	39.6	256,500
1996	⁸15	40,100	39.6	263,750
1997	⁸15	41,200	39.6	271,050
1998	⁸15	42,350	39.6	278,450
1999	⁸15	43,050	39.6	283,150
2000	⁸15	43,850	39.6	288,350
2001	⁸¹¹15	45,200	39.1	297,350
2002	⁸10	12,000	38.6	307,050
2003	⁸10	14,000	35	311,950
2004	⁸10	14,300	35	319,100
2005	⁸10	14,600	35	326,450
2006	⁸10	15,100	35	336,550
2007 est	⁸10		35	349,700

¹ Taxable income excludes zero bracket amount from 1977 through 1986. Rates shown apply only to married persons filing joint returns beginning in 1948. Does not include either the add on minimum tax on preference items (1970-1982) or the alternative minimum tax (1979-present). Also, does not include the effects of the various tax benefit phase-outs (e.g. the personal exemption phase-out). From 1922 through 1986 and from 1991 forward, lower rates applied to long-term capital gains. ² After earned-income deduction equal to 25 percent of earned income. ³ After earned-income deduction equal to 10 percent of earned income. ⁴ Exclusive of Victory Tax. ⁵ Subject to the following maximum effective rate limitations. [year and maximum rate (in percent)] 1994-45 - 90; 1946-47 - 85.5; 1948-49 - 77.0; 1950 - 87.0; 1951 - 87.2; 1952-53 - 88.0; 1954-63 - 87.0. ⁶ Includes surcharge of 7.5 percent in 1968, 10 percent in 1969, and 2.6 percent in 1970. ⁷ Earned income was subject to maximum marginal rates of 60 percent in 1971 and 50 percent from 1972 through 1981. ⁸ Beginning in 1975, a refundable earned-income credit is allowed for low-income individuals. ⁹ After tax credit is 1.25 percent against regular tax. ¹⁰ The benefit of the first rate bracket is eliminated by an increased rate above certain thresholds. The phase-out range of the benefit of the first rate bracket was as follows: Taxable income between $71,900 and $149,250 in 1988; taxable income between $74,850 and $155,320 in 1989; and t axable income between $78,400 and $162,770 in 1990. The phase-out of the benefit the first rate bracket was repealed for taxable years beginning after December 31, 1990. This added 5 percentage points to the marginal rate for those affected by the phaseout, producing a 33 percent effective rate. 11 Includes a 1/2 year 10% transition rate in the form of an advance refund credit of $300 to $600 based on prior year tax. This was only for 2001. Source: Congressional Joint Committee on Taxation

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