![Inflation Reduction Act book minimum tax Inflation Reduction Act accelerated depreciation change in corporate tax liablities, book tax, or corporate minimum tax congressional budget office cbo Eliminating the alternative minimum tax eliminating the AMT inflation indexing, inflation adjusting state tax codes, traditional CPI, index brackets for inflation, index for inflation](https://taxfoundation.org/wp-content/uploads/2019/10/economic-analysis-e1572294890385-300x201.jpeg)
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![Inflation Reduction Act book minimum tax Inflation Reduction Act accelerated depreciation change in corporate tax liablities, book tax, or corporate minimum tax congressional budget office cbo Eliminating the alternative minimum tax eliminating the AMT inflation indexing, inflation adjusting state tax codes, traditional CPI, index brackets for inflation, index for inflation](https://taxfoundation.org/wp-content/uploads/2019/10/economic-analysis-e1572294890385-300x201.jpeg)
![U.S. Federal Individual Income Tax Rates History, 1862-2021, U.S. federal historical income tax rates, historical federal tax rates, and historical federal income tax rates income tax rates history tax deductions, regressivity of tax deductions](https://taxfoundation.org/wp-content/uploads/2019/06/tax-compliance-1040-costs-e1561735884922-300x200.jpeg)
Historical U.S. Federal Individual Income Tax Rates & Brackets, 1862-2021
How do current federal individual income tax rates and brackets compare historically?
1 min read![imports exports tariffs](https://taxfoundation.org/wp-content/uploads/2014/05/AdobeStock_82193464-e1529343111249-300x200.jpeg)
Correct Decision to Exempt Canada and Mexico Assures that New Tariffs Won’t Work as Planned
President Trump’s plan to impose tariffs on all steel and aluminum imports–except those from Mexico and Canada–will not work as the administration hopes. It will increase costs for businesses and raise prices for consumers.
3 min read