US Tax Brackets are constantly changing. As incomes change, inflation impacts the power of currency, and government needs come and go, how various incomes are taxed change widely over time. A visualization of a “Heatmap” style done by the teams at WeatherSealed shows how the tax rates have changed since 1910.
The colors indicate the marginal tax rate: black for low, red in the middle, and yellow for high. The horizontal axis is the tax year, and the vertical represents taxable income, log-scale, normalized to 2010 dollars with the Bureau Of Labor Statistics’ monthly CPI-U figures. The bracket data comes from The Tax Foundation and the IRS, and the effects of Social Security, capital gains, AMT, and other tax varieties are not included.
That bright yellow spot in the upper center is in the mid 40’s, 50’s and early 60’s when the wealthy ($1 Million +) were taxed at 90%!
Net Worth Fighting For « Weather Sealed. via CoolInfographics
