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  2. Income tax in the United States - Wikipedia

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

    Federal and state income tax rates have varied widely since 1913. For example, in 1954, the federal income tax was based on layers of 24 income brackets at tax rates ranging from 20% to 91% (for a chart, see Internal Revenue Code of 1954).

  3. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    Tax rates vary by state and locality, and may be fixed or graduated. Most rates are the same for all types of income. State and local income taxes are imposed in addition to federal income tax. State income tax is allowed as a deduction in computing federal income, but is capped at $10,000 per household since the passage of the 2017 tax law ...

  4. Confused about all the tax changes in the past decade ... - AOL

    www.aol.com/confused-tax-changes-past-decade...

    If keeping up with tax changes in the law were a sport, 2017 and 2025 might be considered the Tax Olympics. Recall that during the first year of President-elect Donald Trump’s first term ...

  5. Tax Changes You Need to Know for 2011 - AOL

    www.aol.com/2011/01/21/tax-changes-you-need-to...

    With tax season 2010 already in full swing, it's easy to overlook some important tax changes for 2011. Here's some of what you can look forward to with respect to personal income taxes during the

  6. History of taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_taxation_in_the...

    Congress re-adopted the income tax in 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000) to finance World War I. The top marginal tax rate was reduced to 58% in 1922, to 25% in 1925, and finally to 24% ...

  7. Key tax changes this year could mean bigger tax refunds ... - AOL

    www.aol.com/finance/key-tax-changes-could-mean...

    The 'look back rule' Taxpayers will be allowed to use their 2019 or 2020 income to determine eligibility for the Child Tax Credit (CTC) and the Earned Income Tax Credit (EITC).

  8. Tax returns in the United States - Wikipedia

    en.wikipedia.org/wiki/Tax_returns_in_the_United...

    Gross income includes most kinds of income regardless of whether the income arises from legitimate businesses. Income from the sale of illegal drugs, for example, is taxable. Many criminals, such as Al Capone, are indicted not only for their non-tax crimes, but for failure to file Federal income tax returns (and pay income taxes).

  9. Tax policy and economic inequality in the United States

    en.wikipedia.org/wiki/Tax_policy_and_economic...

    The difference in the growth of real income of the top 1% and the bottom 20% of Americans was 257%. The average increase in real, after-tax income for all U.S. households during this time period was 62% which is slightly below the real, after-tax income growth rate of 65% experienced by the top 20% of wage earners, not accounting for the top 1%.

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