FRB: Finance and Economics Discussion Series: 200930

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Does Tax Policy Affect Executive Compensation? Evidence from Postwar Tax Reforms (Figure Data)

Carola Frydman* and Raven Saks Molloy**

May 2009

Figure 1 Data: Taxable Compensation and Labor Income Tax Rates

1946	0.6181539	0.7460326
1947	0.5882118	0.7629943
1948	0.6073444	0.616188
1949	0.6215967	0.6198137
1950	0.6459286	0.6460177
1951	0.6013754	0.7194955
1952	0.5978264	0.7471941
1953	0.6399261	0.7565889
1954	0.6401487	0.7274719
1955	0.6632785	0.7350733
1956	0.6676309	0.74
1957	0.6667388	0.7417784
1958	0.6441114	0.746763
1959	0.6738109	0.7543768
1960	0.6177995	0.7462573
1961	0.6111861	0.7483553
1962	0.6167668	0.7521937
1963	0.6302745	0.7546832
1964	0.6665806	0.6690845
1965	0.6797253	0.6297654
1966	0.7008486	0.63653
1967	0.6714511	0.6396285
1968	0.6845148	0.6906555
1969	0.696793	0.7148921
1970	0.6412054	0.6605623
1971	0.64467	0.5942147
1972	0.6970496	0.4987017
1973	0.6974123	0.4972959
1974	0.6968826	0.499156
1975	0.6881599	0.4998987
1976	0.7081339	0.5
1977	0.7585282	0.5
1978	0.7659203	0.5
1979	0.7887166	0.5
1980	0.7887324	0.5
1981	0.7880774	0.5
1982	0.8012381	0.4999755
1983	0.8601528	0.5
1984	0.9311313	0.4995663
1985	1.017329	0.499597
1986	1.097461	0.4997128
1987	1.189938	0.385
1988	1.142663	0.3495325
1989	1.227935	0.3498404
1990	1.098462	0.3493913
1991	1.081966	0.31
1992	1.215506	0.31
1993	1.410967	0.395342
1994	1.458137	0.3955864
1995	1.701184	0.3957195
1996	1.994184	0.3954286
1997	2.077579	0.3959027
1998	2.126834	0.396
1999	2.067779	0.3958938
2000	2.195492	0.3952703
2001	1.920302	0.3905168
2002	2.132255	0.3857559
2003	2.411628	0.3498658
2004	3.244266	0.35
2005	3.32753	0.35

Return to Figure 1

Figure 2 Data: Tax Rates

1946	0.7460326	0.38	0.25
1947	0.7629943	0.38	0.25
1948	0.616188	0.38	0.25
1949	0.6198137	0.38	0.25
1950	0.6460177	0.42	0.25
1951	0.7194955	0.5075	0.25
1952	0.7471941	0.52	0.25
1953	0.7565889	0.52	0.25
1954	0.7274719	0.52	0.25
1955	0.7350733	0.52	0.25
1956	0.74	0.52	0.25
1957	0.7417784	0.52	0.25
1958	0.746763	0.52	0.25
1959	0.7543768	0.52	0.25
1960	0.7462573	0.52	0.25
1961	0.7483553	0.52	0.25
1962	0.7521937	0.52	0.25
1963	0.7546832	0.52	0.25
1964	0.6690845	0.5	0.25
1965	0.6297654	0.48	0.25
1966	0.63653	0.48	0.25
1967	0.6396285	0.48	0.25
1968	0.6906555	0.528	0.25
1969	0.7148921	0.528	0.28
1970	0.6605623	0.492	0.3
1971	0.5942147	0.48	0.33
1972	0.4987017	0.48	0.35
1973	0.4972959	0.48	0.35
1974	0.499156	0.48	0.35
1975	0.4998987	0.48	0.35
1976	0.5	0.48	0.35
1977	0.5	0.48	0.35
1978	0.5	0.48	0.34
1979	0.5	0.46	0.28
1980	0.5	0.46	0.28
1981	0.5	0.46	0.24
1982	0.4999755	0.46	0.2
1983	0.5	0.46	0.2
1984	0.4995663	0.46	0.2
1985	0.499597	0.46	0.2
1986	0.4997128	0.46	0.2
1987	0.385	0.4	0.28
1988	0.3495325	0.34	0.28
1989	0.3498404	0.34	0.28
1990	0.3493913	0.34	0.28
1991	0.31	0.34	0.28
1992	0.31	0.34	0.28
1993	0.395342	0.35	0.28
1994	0.3955864	0.35	0.28
1995	0.3957195	0.35	0.28
1996	0.3954286	0.35	0.28
1997	0.3959027	0.35	0.2
1998	0.396	0.35	0.2
1999	0.3958938	0.35	0.2
2000	0.3952703	0.35	0.2
2001	0.3905168	0.35	0.2
2002	0.3857559	0.35	0.2
2003	0.3498658	0.35	0.15
2004	0.35	0.35	0.15
2005	0.35	0.35	0.15

Return to Figure 2

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