04/19/2023 Joseph W. Boucher 1

TAX GRAPHSJoseph W. Boucher

04/19/2023 Joseph W. Boucher 2

Top Marginal Federal Individual Income Tax Rate

1940-1941

1942-1947

1948-1950

1951-19631964

1965-1967

1968-1969

1970-1981

1982-19861987

1988-1990

1991-1992

1993-20002001

2002

2003-20100%

10%20%30%40%50%60%70%80%90%

100%

04/19/2023 Joseph W. Boucher 3

Maximum Marginal Capital Gains Rate

19581960

19621964

19661968

19701972

19741976

19781980

19821984

19861988

19901992

19941996

19982000

20022004

20062008

20100%

5%

10%

15%

20%

25%

30%

35%

40%

45%

04/19/2023 Joseph W. Boucher 4

Social Security and Medicare Tax

1950 1960 1970 1980 1990 2000 2010$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

3% 6% 10% 12% 15% 15% 15%

Total TaxRate

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Federal Estate Tax ReturnsRetirement Plan Assets & Annuities; Charitable Deductions

TOTALS RETIREMENT PLANS/ ANNUITIES

CHARITABLE DEDUCTIONS

Year Filed

# of Returns

Gross Estates

(Millions)

# of Returns / %

Value (Millions) / %

# of Returns / %

Value (Millions) / %

2008 38,373 $228,872 24,071 / 63 $16,287 / 7.1 7,214 / 19 $28,372 / 12.4

2004 62,718 $192,635 36,733 / 59 $17,499 / 7.5 11,599 / 18 $14, 958 / 7.8

2001 108,112 $215,649 58,664 / 54 $18,398 / 8.5 18,711 / 17 $16,150 / 7.5

1998 97,856 $173,798 45,752 / 47 $12,039 / 6.9 16,982 / 17 $10,861 / 6.2

1995 69,772 $117,735 30,938 / 44 $6,632 / 5.6 13,063 / 19 $8,707 / 7.4

1992 59,176 $98,850 22,738 / 38 $4,095 / 4.1 11,053 / 19 $6,785 / 6.9

1989 45,695 $77,997 14,223 / 31 $2,309 / 3.0 8,471 / 19 $4,925 / 6.3

1986 45,125 $45,125 11,244 / 25 $1,350 / 2.3 7,835 / 17 $3,573 / 6.0

Source: http://www.irs.gov/taxstats/indtaxstats/article/0,,id=210646,00.htmlJoseph W. Boucher

04/19/2023 Joseph W. Boucher 6

Estate Tax Returns Filed in 2008: Estate Size & Charitable Deductions

Size of Gross Estate Gross Estate Charitable Deduction

# Returns Amount # Returns % returns Amount % estate

All Returns 38,373 228,872,169 7,214

19

28,372,041

12.4

Under $2.0 million 1,687 2,539,889 326

19.3

43,821

1.7

$2.0 million < $3.5 million 20,955 54,114,646 3,160

15

1,772,910

3.3

$3.5 million < $5.0 million 6,562 27,025,485 1,217

18.5

1,018,884

3.8

$5.0 million < $10.0 million 5,895 39,935,510 1,429

24.2

2,370,922

5.9

$10.0 million < $20.0 million 2,096 28,643,237 626

29.9

2,143,059

7.5

$20.0 million or more 1,178 76,613,401 457

38.8

21,022,446

27.4

Source: http://www.irs.gov/taxstats/indtaxstats/article/0,,id=210646,00.html

04/19/2023 7

Top Individual Income Tax Rate

19151920

19251930

19351940

19451950

19551960

19651970

19751980

19851990

19952000

20052010

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Tax Rate

Source: http://www.irs.gov/taxstats/article/0,,id=175910,00.html

Joseph W. Boucher

04/19/2023 Joseph W. Boucher 8

Top Corporate Income Tax Rate

19101915

19201925

19301935

19401945

19501955

19601965

19701975

19801985

19901995

20002005

20100%

10%

20%

30%

40%

50%

60%

Corporate Tax Rate

Source: http://www.irs.gov/taxstats/article/0,,id=115033,00.html

04/19/2023 Joseph W. Boucher 9

Effective Double Tax Rate

19101915

19201925

19301935

19401945

19501955

19601965

19701975

19801985

19901995

20002005

20100%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Corporate Tax Rate

Effective Double Tax Rate

Source: http://www.irs.gov/taxstats/article/0,,id=115033,00.html (Table 24); http://www.ctj.org/pdf/regcg.pdf

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Top Net Capital Gains Tax Rate

19131918

19231928

19331938

19431948

19531958

19631968

19731978

19831988

19931998

20032008

20100%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Tax Rate

1918-1921 – Top Rate =

77%

2010 Rate = 15%

Source: http://www.taxfoundation.org/publications/show/2088.html

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S Corporation & Partnership Returns: 1997-2007

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 20070

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

4,500,000

S Corpora-tions

Source: http://www.irs.gov/taxstats/bustaxstats/article/0,,id=152029,00.htmlJoseph W. Boucher

04/19/2023 Joseph W. Boucher 12

S Corporations as a Percentage of all Corporations: 1986-2007

19861987

19881989

19901991

19921993

19941995

19961997

19981999

20002001

20022003

20042005

20062007

0%

10%

20%

30%

40%

50%

60%

70%

80%

Source: http://www.irs.gov/taxstats/bustaxstats/article/0,,id=152029,00.html