Your tax rate in 2012, and past rates since 1913
click for interactive graphic

 

 

Very nice interactive chart from Ritchie King showing our effective tax rates of 2012 versus past years.

Note that the top bracket used to be 2X what it is today.

If you your taxable income and filing status, you can see how much your total tax rate would’ve been in different eras (The NYT did something similar)

 

hat tip Flowing Data

 

Category: Digital Media, Taxes and Policy

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

10 Responses to “Your Tax Rates Since 1913”

  1. Lukey says:

    What I found interesting in that exercise is how drastically taxes went up during WWII. One would assume as an attempt to help pay for the war effort. And then really never went back down to the single digit levels of the pre-war era. Not even in today’s “low tax” environment.

  2. 4whatitsworth says:

    The thing that I think about is that almost everything we do has become better, more efficient and less expensive over time (when adjusted for inflation) plane travel is less expensive, electricity is less expensive, food is less expensive yet the things the government does are much more expensive http://www.usgovernmentspending.com/include/us_total_spending_20c.png .

    Is everyone really ok with increasing taxes and not taking a serious look at spending, really?

  3. rd says:

    It is clear that we need to return to the low tax policies of the 1920s and 30s if we want a booming economy and low unemployment.

    The late 40s, 50s and 60s were pretty disastrous for the country due to high taxes.

  4. david_12321 says:

    Is there anything that shows the history of business taxes? Is there a history and how would it account for last year GE’s $0?

  5. Edoc says:

    “almost everything we do has become better, more efficient and less expensive over time…”

    I wonder if some of the largest items in our federal budget are getting less expensive?

    Healthcare? Military? Education?

    http://en.wikipedia.org/wiki/File:U.S._Federal_Spending_-_FY_2011.png

  6. 873450 says:

    4whatitsworth Says:
    “…almost everything we do has become better, more efficient and less expensive over time (when adjusted for inflation) plane travel is less expensive, electricity is less expensive, food is less expensive …”
    Why is plane travel better, more efficient and less expensive?
    Why is electricity better, more efficient and less expensive?
    Why is food better, more efficient and less expensive?

    Answer: Primarily Government

    “…yet the things the government does are much more expensive.”

    Do you mean more expensive things like landing an American on the moon, constructing dams, bridges, tunnels and a super highway/rail system, maintaining a gold standard military, building jets and aircraft carriers, fighting a war, tracking down and killing terrorists, maintaining peace at home and abroad, inventing the Internet, rebuilding towns and cities after a hurricane? Expensive things like that?

    “Is everyone really ok with increasing taxes and not taking a serious look at spending, really?”

    Who is not taking a serious look at spending? Really, who is it? … Oh, sorry I forgot. It’s George W Bush who never took a serious look at spending, fought two wars without paying for them, bailed out too much of a corrupt banking system, etc.

  7. jd351 says:

    @ RD

    check out this link , I think your facts are incorrect

    http://www.ucl.ac.uk/~uctpnpa/growth.pdf

  8. Joe Friday says:

    4whatitsworth,

    The list of how many ways your post is wrong is so lengthy it’s not worth detailing.

  9. jbegan says:

    Actually David 12321, there is a chart showing corporate versus individual taxes courtesy of an old Ritholtz article

    Corporate vs Personal Income Taxes( June 03, 2008- The Big Picture) – http://bit.ly/TbmeLP

    If you combine the gradual lowering of corporate tax rates with the massive reduction of taxes on the wealthiest, It’s pretty much left to the lower to middle income taxpayers to float the ship of state.

  10. rd says:

    jd351:

    Sarcasm and satire.

    We keep hearing from the GOP that higher marginal tax rates on the “job creators” is a surefire way to implode the economy. However, I have never seen any hard data that proved this case and the two grand experiments on low tax rates in the past century have actually immediately preceded and coincided with the biggest job loss periods and drops in GDP. Deficit peaks generally coincide with periods of wartime (or almost war like the Cold War when Reagan decided to outspend the Russians).

    Deficit spend