By 1936, the top tax rate was a staggering 79%, and the economy's output plummeted. Taxes were raised several more times, except the 1938 Revenue Act contained a corporate tax cut that Roosevelt ...

Effective tax rate is your average tax rate as a percentage of your total income. Learn how effective tax rates differ from tax brackets, also known as marginal tax rates.

With these pluses and minuses in mind, the researchers developed a framework for assessing the tax cuts’ actual effects. They summarized what is currently known about the costs and benefits of the ...