Question

How are the historical tax rates/tax brackets similar than the current tax rates/tax brackets today? in the united states

Answer 1

A tax bracket refers to a range of incomes subject to a certain income tax rate. Tax brackets result in a progressive tax system, in which taxation progressively increases as an individual’s income grows: Low incomes fall into tax brackets with relatively low income tax rates, while higher earnings fall into brackets with higher rates.

There are currently seven federal tax brackets in the United States, with rates ranging from 10% to 37%.

The U.S. tax system is progressive, with lower brackets paying lower rates and higher brackets paying higher ones.

Unless your income lands you in the lowest tax bracket, you are charged at multiple rates as your income rises, rather than just at the rate of the bracket to which u fall