Search results
Results from the WOW.Com Content Network
A "mirror" tax is a tax in a U.S. dependency in which the dependency adopts wholesale the U.S. federal income tax code, revising it by substituting the dependency's name for "United States" everywhere, and vice versa. The effect is that residents pay the equivalent of the federal income tax to the dependency, rather than to the U.S. government.
Gross salary is the amount your employer pays an employee, plus one's income tax liability. Although the tax itself is included in this figure, it is typically the one used when discussing one's pay. For example, John gets paid $50/hour as an administrative director. His annual gross salary is $50/hour x 2,000 hours/year = $100,000/year.
As of 2010, 68.8% of federal individual tax receipts, including payroll taxes, were paid by the top 20% of taxpayers by income group, which earned 50% of all household income. The top 1%, which took home 19.3%, paid 24.2% whereas the bottom 20% paid 0.4% due to deductions and the earned income tax credit.
AOL latest headlines, entertainment, sports, articles for business, health and world news.
Their research found that an annual salary north of $300,000 in New York, San Francisco and Honolulu is required just to bring home $100,000 after taxes and cost-of-living adjustments.
(Use Bankrate’s debt pay-down calculator to figure the fastest way ... For three years of assisted living and two years of nursing home care, New York Life estimates a cost of $365,000 and up in ...
Household income is a measure of income received by the household sector. It includes every form of cash income, e.g., salaries and wages, retirement income, investment income and cash transfers from the government.
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.