Effective Tax Rate, Top 1%
31.5%
· Jan 2022
econ
scout
1980 Recession · Jan 1980 – Jul 1980
1981-82 Recession · Jul 1981 – Nov 1982
1990-91 Recession · Jul 1990 – Mar 1991
2001 Recession · Mar 2001 – Nov 2001
Global Financial Crisis · Dec 2007 – Jun 2009
COVID-19 Recession · Feb 2020 – Apr 2020
26%
28%
30%
32%
34%
1980
1990
2000
2010
2020
31.5%
Effective Tax Rate, Top 1% — one value per year; US recessions are shaded on the chart.
Year
Effective Tax Rate, Top 1%
1979
35.1%
1980
33.1%
1981
30.5%
1982
26.8%
1983
26.8%
1984
27.0%
1985
26.0%
1986
24.6%
1987
30.0%
1988
28.6%
1989
27.9%
1990
27.7%
1991
28.9%
1992
29.6%
1993
33.2%
1994
34.4%
1995
34.8%
1996
34.8%
1997
33.8%
1998
32.4%
1999
32.6%
2000
32.2%
2001
32.0%
2002
31.9%
2003
30.3%
2004
29.9%
2005
30.2%
2006
29.8%
2007
28.2%
2008
28.0%
2009
28.7%
2010
29.2%
2011
29.0%
2012
28.5%
2013
33.6%
2014
33.6%
2015
33.3%
2016
33.0%
2017
31.5%
2018
30.3%
2019
30.0%
2020
30.2%
2021
29.8%
2022
31.5%
Source: cbo · cbo-dhi-table9 · econscout.com