Answer to Yesterday’s Poll Question…

What was the top marginal federal tax rate for individuals in 1955?

And the correct answer to yesterday’s poll question is…

Individual Income Tax Parameters
1954-1963
Taxable Income Rate
$0 $4,000 20.0%
$4,000 $8,000 22.0%
$8,000 $12,000 26.0%
$12,000 $16,000 30.0%
$16,000 $20,000 34.0%
$20,000 $24,000 38.0%
$24,000 $28,000 43.0%
$28,000 $32,000 47.0%
$32,000 $36,000 50.0%
$36,000 $40,000 53.0%
$40,000 $44,000 56.0%
$44,000 $52,000 59.0%
$52,000 $64,000 62.0%
$64,000 $76,000 65.0%
$76,000 $88,000 69.0%
$88,000 $100,000 72.0%
$100,000 $120,000 75.0%
$120,000 $140,000 78.0%
$140,000 $160,000 81.0%
$160,000 $180,000 84.0%
$180,000 $200,000 87.0%
$200,000 $300,000 89.0%
$300,000 $400,000 90.0%
$400,000 and overa 91.0%

If you answered 91%, pat yourself on the back then, go seek help. I rubbed my eyes and winked a few time when I first saw the number too. You can see all of the tax brackets and marginal income tax rates since 1945 here… just in case you’re bored this weekend.

Coming this evening – Obama and McCain; Where do they Stand on Immigration Reform?

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