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1. Sorry, I gave you the wrong link. Here's the info in a PDF: https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf https://files
by hyperpape 8y ago
1. Sorry, I gave you the wrong link. Here's the info in a PDF: https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf https://files.taxfoundation.org/legacy/docs/fed_individual_r....
2. We certainly have historically low rates. It's not the case that the Fed has refused to raise them--they've cautiously raised them. One contributing factor is that wages haven't been increasing, and inflation is very very low. The early 80s were an outlier in another way: Paul Volker shot interest rates incredibly high to deal with historically high inflation numbers. So the relevant comparison is arguably 4-10% (late 80s/90s/2000s) vs. 2.25% today.