Average_US_Federal_Tax_Rates_1979_to_2013.png
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Understanding the chart
President Obama's tax increases on the highest income taxpayers raised their effective tax rates for 2013. There were two primary increases:
- Expiration of the Bush tax cuts of 2001 and 2003 for the top 1% of taxpayers (income over $400,000 or $450,000 for married filing tax returns jointly).
- Payroll tax increases on incomes over $200,000 (roughly the top 5%) as part of the Affordable Care Act ("Obamacare").
Summary
| Description |
English:
December 2013 Chart from the US Congressional Budget Office depicting tax rates by income group from 1979 to 2010, and implications for tax rates based on 2013 law.
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| Date | |
| Source | https://www.cbo.gov/publication/51361 ; prior version at http://cbo.gov/publication/44604 |
| Author | US Congressional Budget Office, publication 44604 |
Licensing
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This work is in the
public domain
in the United States because it is a
work prepared by an officer or employee of the United States Government as part of that person’s official duties
under the terms of
Title 17, Chapter 1, Section 105
of the
US Code
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