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2. Alternative minimum tax - Wikipedia

   en.wikipedia.org/wiki/Alternative_minimum_tax

   The alternative minimum tax (AMT) is a tax imposed by the United States federal government in addition to the regular income tax for certain individuals, estates, and trusts. As of tax year 2018, the AMT raises about $5.2 billion, or 0.4% of all federal income tax revenue, affecting 0.1% of taxpayers, mostly in the upper income ranges. [1] [2]

3. What the Richest 1% Pay in Taxes in Your State - AOL

   www.aol.com/finance/richest-1-pay-taxes-state...

   Wyoming. Minimum income to be considered 1%: $564,354. Average income of the 1%: $3,338,851 Average income tax paid by the 1%: $827,796 Average tax rate of the 1%: 24.79% Jordan Rosenfeld, Jami ...

4. What the Richest 1% Pay in Taxes in Your State - AOL

   www.aol.com/richest-1-pay-taxes-state-170000935.html

   1. Wisconsin. Minimum income to be considered 1%: $434,346. Average income of the 1%: $1,203,326 Average income tax paid by the 1%: $297,267 Average tax rate of the 1%: 24.70% More From GOBankingRates

5. Income tax in the United States - Wikipedia

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

   Income taxes are levied on wages as well as on capital gains, and fund federal and state governments. Payroll taxes are levied only on wages, not gross incomes, but contribute to reducing the after-tax income of most Americans. The most common payroll taxes are FICA taxes that fund Social Security and Medicare.

6. Taxation in the United States - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_the_United_States

   The first federal income tax was adopted as part of the Revenue Act of 1861. [153] The tax lapsed after the American Civil War. Subsequently enacted income taxes were held to be unconstitutional by the Supreme Court in Pollock v. Farmers' Loan & Trust Co. because they did not apportion taxes on property by state population. [154]

7. You may be able to deduct more from your income in 2024, IRS ...

   www.aol.com/may-able-deduct-more-income...

   Modified tax brackets. The minimum income for each of the seven federal income tax brackets will also rise for tax year 2024. ... The maximum Earned Income Tax Credit will increase to $7,830 for ...