Historical Look at Income Tax Rates

2018 Whole Ball Of Tax

A Historical Look at Top Marginal Income Tax Rates

Note: For much of tax history, the top rate is figured by adding a surtax rate to a basic rate.

Year Regular Surtax Total Top Rate
1913–1915 1% 6% 7%
1916 2% 13% 15%
1917 4% 63% 67%
1918–1921 8% 65% 73%
1922–1923 8% 50% 58%
1924 6% 40% 46%
1925–1931 5% 20% 25%
1932–1933 8% 55% 63%
1934–1935 4% 59% 63%
1936–1940 4% 75% 79%
1941 4% 77% 81%
1942–1943 6% 82% 88%
1944 3% 91% 94%
1945–1963 3% 88% 91%
1964 3% 74% 77%
1965–1981 70% 70%
1982–1986 50% 50%
1987 38.5% 38.5%
1988–90* 33% 33%
1991–1992 31% 31%
1993–2000 39.6% 39.6%
2001 39.1% 39.1%
2002 38.6% 38.6%
2003–2012 35% 35%
2013–2017 39.6% 39.6%
2018 37% 37%

*During 1988–90, tax on top income could not be determined without using a worksheet, but 33% appears to have been the highest rate paid.

SOURCE: Wolters Kluwer, 2018
Permission for use granted.

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