Federal Budget in Pictures

Raising Tax Rates Does Not Necessarily Lead to Higher Tax Receipts

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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

Raising Tax Rates Does Not Necessarily Lead to Higher Tax Receipts

Source: Internal Revenue Service.