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Income Tax Receipts Stay Constant Even as Tax Rates Declined |
The most dramatic decline in the top individual income tax rate — from 69 percent to 28 percent — occurred during the Reagan Administration, yet tax receipts remained relatively constant. |
Top Federal Individual Income Tax Rates and Receipts, 1960–2008 |
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Source: Rates from Joint Committee on Taxation publication #JCX-6-01; Receipts from FY 2009 Historical Tables, Budget of the United States Government, Table 2.3. |
