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Table A.—U.S. individual income tax: personal exemptions and lowest and highest bracket tax rates, and tax base for regular tax, tax years 1913-2003
Statistics of Income Bulletin, Fall, 2004
Table A.--U.S. Individual Income Tax: Personal Exemptions
and Lowest and Highest Bracket Tax Rates, and Tax Base for
Regular Tax, Tax Years 1913-2003
[Amounts are in dollars.]
Personal exemptions [1]
Single Married
persons couples Dependents
Tax year (1) (2) (3)
1913 3,000 4,000 N/A
1914 3,000 4,000 N/A
1915 3,000 4,000 N/A
1916 3,000 4,000 N/A
1917 1,000 2,000 200
1918 1,000 2,000 200
1919 1,000 2,000 200
1920 1,000 2,000 200
1921 1,000 2,500 [4] 400
1922 1,000 2,500 [4] 400
1923 1,000 2,500 [4] 400
1924 1,000 2,500 400
1925 1,500 3,500 400
1926 1,500 3,500 400
1927 1,500 3,500 400
1928 1,500 3,500 400
1929 1,500 3,500 400
1930 1,500 3,500 400
1931 1,500 3,500 400
1932 1,000 2,500 400
1933 1,000 2,500 400
1934 1,000 2,500 400
1935 1,000 2,500 400
1936 1,000 2,500 400
1937 1,000 2,500 400
1938 1,000 2,500 400
1939 1,000 2,500 400
1940 800 2,000 400
1941 750 1,500 400
1942 500 1,200 350
1943 500 1,200 350
1944 500 [11] 1,000 [11] 500 [11]
1945 500 [11] 1,000 [11] 500 [11]
1946 500 1,000 500
1947 500 1,000 500
1948 600 [14] 1,200 [14] 600
1949 600 [14] 1,200 [14] 600
1950 600 [14] 1,200 [14] 600
1951 600 [14] 1,200 [14] 600
1952 600 [14] 1,200 [14] 600
1953 600 [14] 1,200 [14] 600
1954 600 [14] 1,200 [14] 600
1955 600 [14] 1,200 [14] 600
1956 600 [14] 1,200 [14] 600
1957 600 [14] 1,200 [14] 600
1958 600 [14] 1,200 [14] 600
1959 600 [14] 1,200 [14] 600
1960 600 [14] 1,200 [14] 600
1961 600 [14] 1,200 [14] 600
1962 600 [14] 1,200 [14] 600
1963 600 [14] 1,200 [14] 600
1964 600 [14] 1,200 [14] 600
1965 600 [14] 1,200 [14] 600
1966 600 [14] 1,200 [14] 600
1967 600 [14] 1,200 [14] 600
1968 600 [14] 1,200 [14] 600
1969 600 [14] 1,200 [14] 600
1970 625 [14] 1,250 [14] 625
1971 675 [14] 1,350 [14] 675
1972 750 [14] 1,500 [14] 750
1973 750 [14] 1,500 [14] 750
1974 750 [14] 1,500 [14] 750
1975 750 [14,26] 1,500 [14,26] 750 [26]
1976 750 [14,27] 1,500 [14,27] 750 [27]
1977 750 [14,27] 1,500 [14,27] 750 [27]
1978 750 [14,27] 1,500 [14,27] 750 [27]
1979 1,000 [14] 2,000 [14] 1,000
1980 1,000 [14] 2,000 [14] 1,000
1981 1,000 [14] 2,000 [14] 1,000
1982 1,000 [14] 2,000 [14] 1,000
1983 1,000 [14] 2,000 [14] 1,000
1984 1,000 [14] 2,000 [14] 1,000
1985 1,040 [14,30] 2,080 [14,30] 1,040 [30]
1986 1,080 [14,30] 2,160 [14,30] 1,080 [30]
1987 1,900 [30] 3,800 [30] 1,900 [30]
1988 1,950 [30,32,33] 3,900 [30,32,33] 1,950 [30,32,33]
1989 2,000 [30,32,33] 4,000 [30,32,33] 2,000 [30,32,33]
1990 2,050 [30,32,33] 4,100 [30,32,33] 2,050 [30,32,33]
1991 2,150 [30,32] 4,300 [30,32] 2,150 [30,32]
1992 2,300 [30,32] 4,600 [30,32] 2,300 [30,32]
1993 2,350 [30,32] 4,700 [30,32] 2,350 [30,32]
1994 2,450 [30,32] 4,900 [30,32] 2,450 [30,32]
1995 2,500 [30,32] 5,000 [30,32] 2,500 [30,32]
1996 2,550 [30,32] 5,100 [30,32] 2,550 [30,32]
1997 2,650 [30,32] 5,300 [30,32] 2,650 [30,32]
1998 2,700 [30,32] 5,400 [30,32] 2,700 [30,32]
1999 2,750 [30,32] 5,500 [30,32] 2,750 [30,32]
2000 2,800 [30,32] 5,600 [30,32] 2,800 [30,32]
2001 2,900 [30,32] 5,800 [30,32] 2,900 [30,32]
2002 3,000 [30,32] 6,000 [30,32] 3,000 [30,32]
2003 3,050 [30,32] 6,100 [30,32] 3,050 [30,32]
Tax rates for regular tax--
Lowest bracket Highest bracket
Tax Taxable Tax
rate [2] income rate [2]
(percent) under-- [3] (percent)
Tax year (4) (5) (6)
1913 1.0 20,000 7.0
1914 1.0 20,000 7.0
1915 1.0 20,000 7.0
1916 2.0 20,000 15.0
1917 2.0 2,000 67.0
1918 6.0 4,000 77.0
1919 4.0 4,000 73.0
1920 4.0 4,000 73.0
1921 4.0 4,000 73.0
1922 4.0 4,000 58.0
1923 3.0 [5] 4,000 43.5 [5]
1924 1.5 [6] 4,000 46.0
1925 1.125 [7] 4,000 25.0
1926 1.125 [7] 4,000 25.0
1927 1.125 [7] 4,000 25.0
1928 1.125 [8] 4,000 25.0
1929 0.375 [8] 4,000 24.0
1930 1.125 [8] 4,000 25.0
1931 1.125 [8] 4,000 25.0
1932 4.0 4,000 63.0
1933 4.0 4,000 63.0
1934 4.0 [9] 4,000 63.0
1935 4.0 [9] 4,000 63.0
1936 4.0 [9] 4,000 79.0
1937 4.0 [9] 4,000 79.0
1938 4.0 [9] 4,000 79.0
1939 4.0 [9] 4,000 79.0
1940 4.0 [9,10] 4,000 81.1 [10]
1941 10.0 [9] 2,000 81.0
1942 10.0 [9] 2,000 88.0
1943 10.0 [9] 2,000 88.0
1944 23.0 2,000 94.0 [12]
1945 23.0 2,000 94.0 [12]
1946 19.0 [13] 2,000 86.45 [13]
1947 19.0 [13] 2,000 86.45 [13]
1948 16.6 [15] 4,000 82.13 [15]
1949 16.6 [15] 4,000 82.13 [15]
1950 17.4 [16] 4,000 84.36 [16]
1951 20.4 4,000 91.0 [17]
1952 22.2 4,000 92.0 [18]
1953 22.2 4,000 92.0 [18]
1954 20.0 4,000 91.0 [19]
1955 20.0 4,000 91.0 [19]
1956 20.0 4,000 91.0 [19]
1957 20.0 4,000 91.0 [19]
1958 20.0 4,000 91.0 [19]
1959 20.0 4,000 91.0 [19]
1960 20.0 4,000 91.0 [19]
1961 20.0 4,000 91.0 [19]
1962 20.0 4,000 91.0 [19]
1963 20.0 4,000 91.0 [19]
1964 16.0 1,000 77.0
1965 14.0 1,000 70.0
1966 14.0 1,000 70.0
1967 14.0 1,000 70.0
1968 14.0 1,000 75.25 [20]
1969 14.0 1,000 77.0 [21]
1970 14.0 1,000 71.75 [22]
1971 14.0 1,000 70.0 [23]
1972 14.0 1,000 70.0 [24]
1973 14.0 1,000 70.0 [24]
1974 14.0 [25] 1,000 70.0 [24,25]
1975 14.0 1,000 70.0 [24]
1976 14.0 1,000 70.0 [24]
1977 14.0 [28] 3,200 [28] 70.0 [24]
1978 14.0 [28] 3,200 [28] 70.0 [24]
1979 14.0 [28] 3,400 [28] 70.0 [24]
1980 14.0 [28] 3,400 [28] 70.0 [24]
1981 13.825 [28,29] 3,400 [28] 69.125 [24,29]
1982 12.0 [28] 3,400 [28] 50.0
1983 11.0 [28] 3,400 [28] 50.0
1984 11.0 [28] 3,400 [28] 50.0
1985 11.0 [28] 3,540 [28,31] 50.0
1986 11.0 [28] 3,670 [28,31] 50.0
1987 11.0 3,000 [31] 38.5
1988 15.0 [34,35] 29,750 [31,35] 28.0 [34,35]
1989 15.0 [34,35] 30,950 [31,35] 28.0 [34,35]
1990 15.0 [34,35] 32,450 [31,35] 28.0 [34,35]
1991 15.0 34,000 [31] 31.0
1992 15.0 35,800 [31] 31.0
1993 15.0 36,900 [31] 39.6
1994 15.0 38,000 [31] 39.6
1995 15.0 39,000 [31] 39.6
1996 15.0 40,100 [31] 39.6
1997 15.0 41,200 [31] 39.6
1998 15.0 42,350 [31] 39.6
1999 15.0 43,050 [31] 39.6
2000 15.0 [36] 43,850 [31] 39.6 [36]
2001 10.0 [37] 6,000 [31,38,r] 39.1 [37]
2002 10.0 12,000 [31] 38.6
2003 10.0 14,000 [31] 35.0
Tax rates for
regular tax--
Highest bracket
Taxable
income
over-- [3]
Tax year (7)
1913 500,000
1914 500,000
1915 500,000
1916 2,000,000
1917 2,000,000
1918 1,000,000
1919 1,000,000
1920 1,000,000
1921 1,000,000
1922 200,000
1923 200,000
1924 500,000
1925 100,000
1926 100,000
1927 100,000
1928 100,000
1929 100,000
1930 100,000
1931 100,000
1932 1,000,000
1933 1,000,000
1934 1,000,000
1935 1,000,000
1936 5,000,000
1937 5,000,000
1938 5,000,000
1939 5,000,000
1940 5,000,000
1941 5,000,000
1942 200,000
1943 200,000
1944 200,000
1945 200,000
1946 200,000
1947 200,000
1948 400,000
1949 400,000
1950 400,000
1951 400,000
1952 400,000
1953 400,000
1954 400,000
1955 400,000
1956 400,000
1957 400,000
1958 400,000
1959 400,000
1960 400,000
1961 400,000
1962 400,000
1963 400,000
1964 400,000
1965 200,000
1966 200,000
1967 200,000
1968 200,000
1969 200,000
1970 200,000
1971 200,000
1972 200,000
1973 200,000
1974 200,000
1975 200,000
1976 200,000
1977 203,200
1978 203,200
1979 215,400
1980 215,400
1981 215,400
1982 85,600
1983 109,400
1984 162,400
1985 169,020 [31]
1986 175,250 [31]
1987 90,000 [31]
1988 29,750 [31,35]
1989 30,950 [31,35]
1990 32,450 [31,35]
1991 82,150 [31]
1992 86,500 [31]
1993 89,150 [31]
1994 250,000 [31]
1995 256,500 [31]
1996 263,750 [31]
1997 271,050 [31]
1998 278,450 [31]
1999 283,150 [31]
2000 288,350 [31]
2001 297,350 [31,38]
2002 307,050 [31]
2003 311,950 [31]
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