Historical Marginal Income Tax Rates

by Catherine Mulbrandon

Day 4 of 28 Days of Tax Data.

I always enjoy a graph of the marginal tax rate (i.e. the tax rate applied to the income of the very wealthy by the Federal Government). But I don’t know why they needed a 3-D line? From Starboard Broadside

Second graph is of the same data but not as pretty. From Balloon Juice

Here is one I created in 2007.

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Tagged as: Bar Chart, Line Graph, Tax Rates, United States

Haakon Dahl

It would be interesting to see a graph of the unemployment rate applied to your Top 0.1 percent chart, or the “misery index”; the unemployment rate plus the inflation rate.
http://www.visualizingeconomics.com/ Jimmie E. Rhodes

Take a historical graph of the top marginal tax rate and superimpose on it a graph of the historical unemployment rate.
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NJEddie

I wonder how the tax revenue would compare to the top rates? I seem to recall from intermediate Econ that total revenue has risen as marginal rates were cut, every time (albeit with a lag of…? 18 months +/-?).

I wonder if the data underlying the charts takes into account how much income is “shielded” when rates jump, and how the rates effect discresionary income (example; selling investments to realize a gain)… and how often does the top rate apply only to the top 0.1% ? Juxtaposing these two charts seems to be an appeal to class-envy, and not an expression of any sound economic principle.
socaljim

considering tax rates are meaningless without corresponding loopholes and collected revenue per tax teir, your chart and accompanying chatter are meaningless as well.
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