TAX RATES 2016 Max Rate on Regular Income: 40.5% 2016 Max Rate on Capital Gains: 23.8% 2015 Max Rate on Regular Income: 40.5% 2015 Max Rate on Capital Gains: 23.8% 2014 Max Rate on Regular Income: 40.5% 2014 Max Rate on Capital Gains: 23.8% 2013 Max Rate on Regular Income: 40.5% 2013 Max Rate on Capital Gains: 23.8% 2012 Max Rate on Regular Income: 35% 2012 Max Rate on Capital Gains: 15% 2011 Max Rate on Regular Income: 35% 2011 Max Rate on Capital Gains: 15% 2010 Max Rate on Regular Income: 35% 2010 Max Rate on Capital Gains: 15% 2009 Max Rate on Regular Income: 35% 2009 Max Rate on Capital Gains: 15.35% 2008 Max Rate on Regular Income: 35% 2008 Max Rate on Capital Gains: 15.35% 2007 Max Rate on Regular Income: 35% 2007 Max Rate on Capital Gains: 15.7% 2006 Max Rate on Regular Income: 35% 2006 Max Rate on Capital Gains: 15.7% 2005 Max Rate on Regular Income: 35% 2005 Max Rate on Capital Gains: 16.05% 2004 Max Rate on Regular Income: 35% 2004 Max Rate on Capital Gains: 16.05% 2003 Max Rate on Regular Income: 35% 2003 Max Rate on Capital Gains: 21.05%/16.05% 2002 Max Rate on Regular Income: 38.6% 2002 Max Rate on Capital Gains: 21.16% 2001 Max Rate on Regular Income: 39.1% 2001 Max Rate on Capital Gains: 21.17% 2000 Max Rate on Regular Income: 39.6% 2000 Max Rate on Capital Gains: 21.19% 1999 Max Rate on Regular Income: 39.6% 1999 Max Rate on Capital Gains: 21.19% 1998 Max Rate on Regular Income: 39.6% 1998 Max Rate on Capital Gains: 21.19% 1997 Max Rate on Regular Income: 39.6% 1997 Max Rate on Capital Gains: 29.19%/21.19% 1996 Max Rate on Regular Income: 39.6% 1996 Max Rate on Capital Gains: 29.19% 1995 Max Rate on Regular Income: 39.6% 1995 Max Rate on Capital Gains: 29.19% 1994 Max Rate on Regular Income: 39.6% 1994 Max Rate on Capital Gains: 29.19% 1993 Max Rate on Regular Income: 39.6% 1993 Max Rate on Capital Gains: 29.19% 1992 Max Rate on Regular Income: 31% 1992 Max Rate on Capital Gains: 28.93% 1991 Max Rate on Regular Income: 31% 1991 Max Rate on Capital Gains: 28.93% 1990 Max Rate on Regular Income: 28% 1990 Max Rate on Capital Gains: 28% 1989 Max Rate on Regular Income: 28% 1989 Max Rate on Capital Gains: 28% 1988 Max Rate on Regular Income: 28% 1988 Max Rate on Capital Gains: 28% 1987 Max Rate on Regular Income: 38.5% 1987 Max Rate on Capital Gains: 28% 1986 Max Rate on Regular Income: 50% 1986 Max Rate on Capital Gains: 20% Source: Tax Policy Center