Re:U.S. federal individual income tax rates history, 1913-2011
by bediger on Wednesday October 19, 2011 @08:18AM
(#3129775)
I'm surprised that the "progressiveness" is so slight. Not much knee to the curve for low-income folks.
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Re:U.S. federal individual income tax rates history, 1913-2011
by brlewis on Wednesday October 19, 2011 @08:41AM
(#3129854)
The baseline is taxable income, which is calculated after exemptions and deductions. Those exemptions and deductions make a much larger difference at the low end than the tax rate. We really aren't seeing what's happening at the low end in this graphic.