“Marginal income tax rates and the number of brackets have varied greatly over time.
The United States income tax system, as we know it, was enacted in 1913. Early on, only very high income individuals had to pay income tax. The image compares the highest and lowest marginal rates from 1926 to 2013. The highest marginal rate exceeded 90% during both World War II and the Korean War, while the lowest marginal rate rarely exceeded 20%.
Overall, tax rates over the past 20 years were lower than they had been historically, particularly for higher income individuals. However, the top tax bracket has increased recently as per the American Taxpayer Relief Act of 2012…”
Join us for this great webinar to explore the relationship between taxes and investment performance.