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Top Marginal Tax Rates 1913-2010. The top marginal income tax rate, that is, the rate paid on the 'last dollar' of the highest earner's income, was increased to 77% on the 2 millionth dollar earned during and to help finance the cost of fighting World War I. [4]
The highest marginal tax rate for individuals for U.S. federal income tax purposes for tax years 1952 and 1953 was 92%. [ 100 ] From 1964 to 2013, the threshold for paying top income tax rate has generally been between $200,000 and $400,000 (unadjusted for inflation).
Before the tax cuts, the highest marginal income tax rate was 39.6 percent. After the cuts, the highest rate was 35 percent. Once the cuts sunset for high income levels (single people making $400,000+ per year and couples making $450,000+ per year), the top income tax rate returned to 39.6 percent.
High-income residents of New York City and Hawaii would have the highest marginal tax rates in the U.S. if Congress adopts the president's proposal to increase taxes for top earners, according to ...
President Eisenhower fought his own party to keep the highest tax rate at an astounding 90%, but President Kennedy finally lowered it to 70% upon taking office. Ronald Reagan, 1981-89.
The technical definition of a marginal tax rate would be the rate that each individual taxpayer pays on their additional dollars of income. ... 2012 tax bracket rates. 2011 tax bracket rates. 2010 ...
[36] [37] [38] 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. [39] 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.
11.5% (highest prevailing marginal state and local sales tax rate) 0% (lowest prevailing marginal rate) 20% 18%-40% federal with offset against individual State Estate and Inheritence Taxes [240] Taxation in the United States Uruguay [42] 25% 0% 36% [241] 22% (standard rate) 11% (lowest rate) 0% (extent) Taxation in Uruguay Uzbekistan [42] 12% ...