Tax policy and economic inequality in the United States tax year 1963) to 77% (for tax year 1964) and 70% (for tax year 1965) for annual incomes of $1.4 million+. It was the first tax legislation to reduce the top end of the marginal income tax rate distribution since 1924. The top marginal income tax rate had been 91% since 1946 and had not been below 70% since 1936. The "Bush Tax Cuts," which are the popularly known names of the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 passed during President George W. Bush's first term,
Excise tax in the United States in fiscal year 2015. These fuel taxes raised 90% of the Highway Trust Fund (18.4¢ for gasoline and 24.4¢ for diesel fuel per gallon). Excise taxes dedicated to the Airport and Airway Trust Fund raised $14.3 billion in fiscal year 2015. 90% of the excise tax revenue comes from taxing passenger air fares and the remaining 10% comes from air cargo and aviation fuel taxes. Excise taxes for the Affordable Care Act raised $16.3 billion in fiscal year 2015. $11.3 billion was an excise tax placed directly on health insurers based on their market share. The ACA was going to