Federal Tax Rates 1913 to 2009 -- highest rate 92%

[tnguyen318]

The Federal Tax Bracket should be broken down some more. it doesn't seem right for those making $350,000 to be taxed the same as those making $5 billion a year.

[TaxReductionExpert]

Good point. When we do our next update on tax rates, we will certainly consider additional breakouts. With this video, we were highlighting how high tax rates could go.

[Ladiestreat]

I would be more interested in the median income tax rate over the century, this seems to only pertain to the rich.

[TaxReductionExpert]

@Ladiestreat That's a good thought. We'll have to work on that.

[asicit2]

I'm confused as to what the difference between "income" and Taxable income is according to Title 26. I do common work for people in my area, i receive money what taxable liability occured?

[TaxReductionExpert]

@asicit2 In tax law, all income is taxable unless exempted.

[Bigtex124]

Great information Mr. Bradford.

[TaxReductionExpert]

Thanks Bigtex124

[TaxReductionExpert]

The highest rate actually occured in 1952, but the top tax rates were outrageous throughout the 1950s.

[bws1971]

This is interesting. I had always thought the highest rates occurred during the 1970s, but according to your chart, the late 1950s in fact witnessed the high tide. Let's hope income taxes don't rise to these levels again.