...and how they've been collapsed downward. In 1955 there were 24 brackets, 16 of which kicked in at income above the equivalent of $250,000, and 11 of those kicked in at levels above the equivalent of half a million. The top marginal rate (then 19%) was on taxable income above the equivalent of ~$3.4 million.
From the article at the OP, for 2020:
Married, filing jointly:
10%: Up to $19,750
12%: Income of $19,751 to $80,250
22%: Income of $80,251 to $171,050
24%: Income of $171,051 to $326,600
32%: Income of $326,601 to $414,700
35%: Income of $414,701 to $622,050
37%: Income over $622,050
Bracket thresholds, adjusted for inflation, 1942-2013 (Married, filing jointly):
Note: the downward drift prior to the 1980s is because the rates at the time were not indixed for inflation. This is the classic "bracket creep", where someone whose income was keeping pace with inflation (i.e., their standard of living was merely holding steady) nevertheless had bigger and bigger bites taken out of their budget by taxes.
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