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In Reply to: RE: Some math for ya brother e-stat posted by tweaker456 on March 28, 2021 at 23:52:04:
No surprise that's what you find significant!
What's really more important than detached bracket values is the total tax revenue generated. Note the greatest rise occurred following the lowering of the marginal bracket rate!
In 1983 when the highest bracket was 50%, total revenue was $601B. By 1990, when the rate was at its lowest , revenues almost doubled to $1.03T.
The data can be found here .
U.S. Tax Revenue by Year
Here's a record of income for each fiscal year since 1789. Tax receipts fell off during the recession but started setting new records by FY 2013.6
Fiscal Year Revenue
FY 2021 $3.86 (estimated)
FY 2020 $3.71 trillion (estimated)
FY 2019 $3.46 trillion (actual)
FY 2018 $3.33 trillion
FY 2017 $3.32 trillion
FY 2016 $3.27 trillion
FY 2015 $3.25 trillion
FY 2014 $3.02 trillion
FY 2013 $2.77 trillion
FY 2012 $2.45 trillion
FY 2011 $2.30 trillion
FY 2010 $2.16 trillion
FY 2009 $2.10 trillion
FY 2008 $2.52 trillion
FY 2007 $2.57 trillion
FY 2006 $2.41 trillion
FY 2005 $2.15 trillion
FY 2004 $1.88 trillion
FY 2003 $1.78 trillion
FY 2002 $1.85 trillion
FY 2001 $1.99 trillion
FY 2000 $2.03 trillion
FY 1999 $1.82 trillion
FY 1998 $1.72 trillion
FY 1997 $1.58 trillion
FY 1996 $1.45 trillion
FY 1995 $1.35 trillion
FY 1994 $1.26 trillion
FY 1993 $1.15 trillion
FY 1992 $1.09 trillion
FY 1991 $1.05 trillion
FY 1990 $1.03 trillion
FY 1989 $991 billion
FY1988 $909 billion
FY 1987 $854 billion
FY 1986 $769 billion
FY 1985 $734 billion
FY 1984 $666 billion
FY 1983 $601 billion
FY 1982 $618 billion
FY 1981 $599 billion
FY 1980 $517 billion
FY 1979 $463 billion
FY 1978 $399 billion
FY 1977 $356 billion
FY 1976 $298 billion
FY 1975 $279 billion
FY 1974 $263 billion
FY 1973 $231 billion
FY 1972 $207 billion
FY 1971 $187 billion
FY 1970 $193 billion
FY 1969 $187 billion
FY 1968 $153 billion
FY 1967 $149 billion
FY 1966 $131 billion
FY 1965 $117 billion
FY 1964 $113 billion
FY 1963 $107 billion
FY 1962 $100 billion
FY 1961 $94 billion
FY 1960 $93 billion
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Follow Ups
- Which is largely meaningless information - E-Stat 03/29/2105:50:35 03/29/21 (11)
- RE: Which is largely meaningless information - tweaker456 13:39:02 03/30/21 (1)
- RE: Which is largely meaningless information - Inmate51 14:07:25 03/30/21 (0)
- RE: Sources of Federal government total revenues - tweaker456 13:23:21 03/30/21 (3)
- You're still at this post from two weeks ago? -nt - E-Stat 14:44:46 03/30/21 (2)
- RE: You're still at this post from two weeks ago? -nt - tweaker456 18:19:54 03/30/21 (1)
- Quite the opposite! - E-Stat 18:40:41 03/30/21 (0)
- RE: Which is largely meaningless information - tweaker456 16:57:06 03/29/21 (0)
- RE: Yo e-stat - tweaker456 16:42:09 03/29/21 (1)
- Not any more than you - E-Stat 17:36:53 03/29/21 (0)
- RE: Correlation or inverses correlation is not (necessarily) causation. - tweaker456 08:56:53 03/29/21 (1)
- Exactly! - E-Stat 09:34:33 03/29/21 (0)