| History of income tax rates adjusted for inflation (1913-2010)[43] | |||||||
|---|---|---|---|---|---|---|---|
| Number of | First Bracket | Top Bracket | |||||
| Year | Brackets | Rate | Rate | Income | Adj. 2011 | Comment | |
| 1913 | 7 | 1% | 7% | $500,000 | $11.3M | First permanent income tax | |
| 1917 | 21 | 2% | 67% | $2,000,000 | $35M | World War I financing | |
| 1925 | 23 | 1.5% | 25% | $100,000 | $1.28M | Post war reductions | |
| 1932 | 55 | 4% | 63% | $1,000,000 | $16.4M | Depression era | |
| 1936 | 31 | 4% | 79% | $5,000,000 | $80.7M | ||
| 1941 | 32 | 10% | 81% | $5,000,000 | $76.3M | World War II | |
| 1942 | 24 | 19% | 88% | $200,000 | $2.75M | Revenue Act of 1942 | |
| 1944 | 24 | 23% | 94% | $200,000 | $2.54M | Individual Income Tax Act of 1944 | |
| 1946 | 24 | 20% | 91% | $200,000 | $2.30M | ||
| 1964 | 26 | 16% | 77% | $400,000 | $2.85M | Tax reduction during Vietnam war | |
| 1965 | 25 | 14% | 70% | $200,000 | $1.42M | ||
| 1981 | 16 | 14% | 70% | $212,000 | $532k | Reagan era tax cuts | |
| 1982 | 14 | 12% | 50% | $106,000 | $199k | Reagan era tax cuts | |
| 1987 | 5 | 11% | 38.5% | $90,000 | $178k | Reagan era tax cuts | |
| 1988 | 2 | 15% | 28% | $29,750 | $56k | Reagan era tax cuts | |
| 1991 | 3 | 15% | 31% | $82,150 | $135k | ||
| 1993 | 5 | 15% | 39.6% | $250,000 | $388k | Omnibus Budget Reconciliation Act of 1993 | |
| 2003 | 6 | 10% | 35% | $311,950 | $380k | Bush tax cuts | |
| 2011 | 6 | 10% | 35% | $379,150 | $379k | ||
| 2013 | 7 | 10% | 39.6% | $400,000 | $400k[disputed ] | ||
Back in the late 70s both my wife and I made excellent salaries and those tax rates were crushing.