dagblog - Comments for "Our marginal tax rate is a moral hazard." http://dagblog.com/reader-blogs/our-marginal-tax-rate-moral-hazard-11783 Comments for "Our marginal tax rate is a moral hazard." en Here's the link, VA, to http://dagblog.com/comment/136572#comment-136572 <a id="comment-136572"></a> <p><em>In reply to <a href="http://dagblog.com/comment/136258#comment-136258">Do you have a good source for</a></em></p> <div class="field field-name-comment-body field-type-text-long field-label-hidden"><div class="field-items"><div class="field-item even"><p><span style="font-size:14px;">Here's the <a href="http://www.taxfoundation.org/files/fed_individual_rate_history_nominal&amp;adjusted-20110909.pdf" target="_blank">link</a>, VA, to historic tax tables. It's at <a href="http://www.taxfoundation.org/files/fed_individual_rate_history_nominal&amp;adjusted-20110909.pdf" target="_blank">taxfoundation.org</a>.</span></p> <p>Note that the numbers Flavius quotes are in nominal dollars. The PDF linked includes tables for both nominal and adjusted-for-inflation dollars.</p> <p><span style="font-size:14px;">​More interesting than just a comparison of the top tax bracket, to me, is the entire spectrum of tax rates. Take a look, for example, at the rates for 1952, adjusted for inflation: </span></p> <blockquote> <p><span style="font-size:14px;">1952: Adjusted for Inflation</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">Married Filing Separately</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">Married Filing Jointly: Applicable marginal tax rates are determined by the bracket (Married Filing Separately) corresponding to one-half of taxable income.</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana; min-height: 17.0px"><span style="font-size:14px;">Marginal Tax Rate: </span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">22.2% up to $16.9K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">24.6% up to $33.9K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">29.0% up to $50.8K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">34.0% up to $67.6K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">38.0% up to $84.7K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">42.0% up to $101.6K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">48.0% up to $118.5K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">53.0% up to $135.5K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">56.0% up to $152.4K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">59.0% up to $169.3K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">62.0% up to $186.2K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">66.0% up to $220.1K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">67.0% up to $270.9K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">68.0% up to $321.8K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">72.0% up to $372.6K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">75.0% up to $423.4K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">77.0% up to $508.0K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">80.0% up to $592.7K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">83.0% up to $677.4K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">85.0% up to $762.0K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">88.0% up to $846.7K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">90.0% up to $1,270.1K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">91.0% up to $1,693.4K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">92.0% from $1,693.4K up</span></p> </blockquote> <div>  </div> <div> <span style="font-size:14px;">Now compare to today's rates:</span></div> <div>  </div> <div> <blockquote> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">2011</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">Married Filing Separately</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">Married Filing Jointly (Double the dollar amounts, below).</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana; min-height: 17.0px"><span style="font-size:14px;">Marginal Tax Rate:</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">10% up to $8.5K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">15% up to $34.5K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">25% up to $69.7K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">28% up to $106.2K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">33% up to $189.6K</span></p> <p style="margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Verdana"><span style="font-size:14px;">35% from 189.6K up</span></p> </blockquote> <div>  </div> <div> <span style="font-size:14px;">Once we believed in progressive taxation. But that was when we were building a country.</span></div> <div>  </div> </div> <p> </p> </div></div></div> Fri, 07 Oct 2011 16:41:28 +0000 Red Planet comment 136572 at http://dagblog.com I googled marginal tax rates http://dagblog.com/comment/136286#comment-136286 <a id="comment-136286"></a> <p><em>In reply to <a href="http://dagblog.com/comment/136258#comment-136258">Do you have a good source for</a></em></p> <div class="field field-name-comment-body field-type-text-long field-label-hidden"><div class="field-items"><div class="field-item even"><p>I googled  marginal tax rates and selected  History of Federal Individual Income  Bottom and Top Brackets. It was supplied by the National Taxpayers Union. It was in a table starting with  1913and continuing to 2011. with 12 footnotes .</p> <p> </p> </div></div></div> Wed, 05 Oct 2011 21:41:21 +0000 Flavius comment 136286 at http://dagblog.com Do you have a good source for http://dagblog.com/comment/136258#comment-136258 <a id="comment-136258"></a> <p><em>In reply to <a href="http://dagblog.com/reader-blogs/our-marginal-tax-rate-moral-hazard-11783">Our marginal tax rate is a moral hazard.</a></em></p> <div class="field field-name-comment-body field-type-text-long field-label-hidden"><div class="field-items"><div class="field-item even"><p>Do you have a good source for those numbers? I'm not doubting them, it's just nice to have a source. My Republican father and I often have (amicable) discussions about taxes, and the more facts, the better.</p> </div></div></div> Wed, 05 Oct 2011 16:47:51 +0000 Verified Atheist comment 136258 at http://dagblog.com