Marginal federal personal and corporate income tax rates in the U.S., 1909-1975

Abstract

In this article, I first report and describe the construction of two new statistical series on the marginal Federal income tax rates for corporations and private individuals in the United States since the inception of those taxes and then analyze the behavior of these series over time. Several results on the determination of tax rates are derived; these generally are not consistent with Barro's theory of deficit finance. © 1982.