Marginal Federal Tax Rates on Labor Income: 1962 to 2028

Congressional Budget Office

No 54911, Reports from Congressional Budget Office

Abstract: The marginal federal tax rate on labor income is the percentage of additional income an individual earns that is paid in payroll taxes and federal income taxes. For payroll taxes, CBO estimates that the economywide marginal rate on labor income grew rapidly between the early 1960s and the early 1980s and has remained fairly stable thereafter. The rate on individual income taxes has fluctuated greatly over the past five decades. Marginal tax rates vary widely among families.

JEL-codes: H20 H24 (search for similar items in EconPapers)
Date: 2019-01-24
New Economics Papers: this item is included in nep-his, nep-pbe and nep-pub
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