History of the U.S. Tax Code, Highest Marginal Rate
Getting ready to pay/file your taxes? If you're in a high income tax bracket, it could be a lot worse, you could be paying 91% like during the 1950s or 70% during the 1960s. The average highest marginal tax rate since 1913 is 60.3%.
Is is any wonder that the economic conditions in the 1930s turned from bad to worse, when the highest income tax rate was raised from 25% to 79% during that decade?