Partial History of U.S. Federal Marginal Income Tax Rates Since 1913 Applicable Income Fist TOP gunce Year brackets bracket bracket 1191918 = 1% RS we etm 117 + 2% 6% RS 118% 77% RS s19-1920 ae 73% IRS. 921 - 8% 7% RS. wz 4% 6H IRS 1923 + 3% 5% RS 198 15% 40% IRS 1925-1928 15% 26% «RS. 1929 - 0375% 24% RS teoo-t931 1.425% 26% RS. 1992-1933 4% 6% RS 1934-1938 4% 63% IRS 1936-1939 a% 70% RS. 1940 + 44% 81% RS 1841 = 10% 81% IRS jeeztes == 9% ak Rs tae-t948 20% 04% RS 1946-1947 = 10% 66.45% IRS 1948-1949 18.8% 82.19% IRS 1950 = 174% 84.30% IRS 1951 + 204% 91% IRS sosz-t969 222% 92% = RS s9sa-1963 20% ot RS. 1968 + 16% 7% RS 1966-1967 4% 70% RS. 18-4 75.25% IRS 1000 a 77% RS 1970 ah 71.75% IRS 1971-1984 18 brackets 14% 70% IRS 1902-1986 12 brackets 12% 50% IRS 1987 Strackels 11% 385% IRS 1986-1990 Sbrackets 15% 26% IRS 1991-1992 Sbrackets 16% 31% «IRS. 1993-2000 Sbrackets 15% 296% IRS 2001 Sbrackets 15% 301% IRS 2002 Grackels 10% 386% IRS 2009-2009 brackets 10% 35% Tax FoundationFigure 1: Net worth and financial wealth distribution in the U.S, in 2007 ee ae cons wiikey Tenth sta aS ao veh et worth Finance wea disetaten 007 — Table t: Distribution of net worth and financial wealth in the United States, 1883-2007 Total Net Worth ‘Top 1 percent Next 19 percent Batlom AD poroant 1903 33.8% 475% 187% 1980 37.4% 462% 185% 1902 97.2% 480% 182% 1905 38.8% 454% 16.1% 1998 38.1% 453% 186% oot 334% 51.0% 158% 2004 34.3% 50.3% 15.9% 2007 40% 50.5% 15.0% Financlal Wealth ‘Top 1 percent Next 19 percant Bottom 60 percent 1983 429% 484% 87% 1980 46.0% 485% 55% 1982 45.0% 48.7% 7% 1995 47.2% 450% 70% 1998 47.3% 436% 91% 2001 307% 51.5% 37% 2004 42.2% 03% 75% 2007 42.7% 50.3% 70%