Raising Tax Rates Does Not Necessarily Lead to Higher Tax Receipts
Although the top individual tax rate fluctuated between 91 percent and 28 percent over the past 50 years, total individual receipts have remained fairly stable as a percentage of GDP. The top rate was last increased in 2013 and is now at 39.6 percent.
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TOP TAX RATES AND TOTAL RECEIPTS
Source: Internal Revenue Service.