Looking Back on the Corporate Tax

As the discussion is going on about lowering the corporate tax rates, it’s helpful look at what the rates used to be. One hundred years ago, the rate was a flat 6% on all taxable income (which was up from a flat 2% in 1916). In addition, there was an excess profits tax in effect from 1917 to 1922; it was deductible in computing the income tax. Find a listing of corporate income tax brackets and rates from 1909 to 2002 from the IRS.