Comment on US Historical Income Tax RatesparentComments−antognini4yThe rates presented are slightly misleading because it's not including the standard deduction. For a single individual in 2021, income below $12,550 is effectively not taxed (or $25,100 for married couples).−hnburnsy4yThe tax brackets are always based on AGI, millions have an effective negative tax rate due to EITC.
Comments
The rates presented are slightly misleading because it's not including the standard deduction. For a single individual in 2021, income below $12,550 is effectively not taxed (or $25,100 for married couples).
The tax brackets are always based on AGI, millions have an effective negative tax rate due to EITC.