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2. Income tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Income_tax_in_the_United...

   The highest marginal tax rate for individuals for U.S. federal income tax purposes for tax years 1952 and 1953 was 92%. [99] From 1964 to 2013, the threshold for paying top income tax rate has generally been between $200,000 and $400,000 (unadjusted for inflation).

3. 2024 Tax Brackets and Income Rates: Find Out Where You ... - AOL

   www.aol.com/2024-tax-brackets-income-rates...

   In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.

4. Billionaires vs Millionaires: Who Pays More in Taxes? - AOL

   www.aol.com/billionaires-vs-millionaires-pays...

   For example, the highest federal income tax rate is 37%. Anyone earning more than $609,350 as the head of a household is taxed at this rate. Therefore, the millionaire or billionaire with the ...

5. Progressivity in United States income tax - Wikipedia

   en.wikipedia.org/wiki/Progressivity_in_United...

   CBO Median Income Tax Rates CBO Data Shares of Market Income and Net Federal Taxes, By Income Group, 2010 CBO Data Shares of Market Income and Net Federal Taxes, By Income Group, 2010 - 99% and 1%. As of 2010, there were 118.7 million taxpaying households in the United States. [6] The median marginal federal income tax rate is 15%. [7]

6. Reagan tax cuts - Wikipedia

   en.wikipedia.org/wiki/Reagan_tax_cuts

   The first tax cut (Economic Recovery Tax Act of 1981) among other things, cut the highest personal income tax rate from 70% to 50% and the lowest from 14% to 11% and decreased the highest capital gains tax rate from 28% to 20%. [1] The second tax cut (Tax Reform Act of 1986) among other things, cut the highest personal income tax rate from 50% ...

7. IRS Tax Brackets: Here’s How Much You’ll Pay in ... - AOL

   www.aol.com/irs-tax-brackets-much-ll-200033425.html

   The Tax Cuts and Jobs Act was enacted in December 2017, which changed the tax rates for the 2018 tax year. With the exception of annual inflationary adjustments, the federal bracket system remains ...

8. Rate schedule (federal income tax) - Wikipedia

   en.wikipedia.org/wiki/Rate_schedule_(federal...

   The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), [2] [3] which is separately published as Title 26 of the United States Code. [4] With that law, the U.S. Congress created four types of rate tables, all of which are based on a taxpayer's filing status (e.g., "married individuals filing joint returns," "heads of households").

9. With Trump’s tax cuts expiring, taxes could increase for most ...

   www.aol.com/finance/trump-tax-cuts-expiring...

   Significantly, it also cut the highest tax rate from 39.6% to 37% and applied to it those earning over $500,000 a year, rather than around $427,000 (and $600,000 for couples, up from around $480,000).