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According to the IRS, the top 1% of income earners for 2008 paid 38% of income tax revenue, while earning 20% of the income reported. [114] The top 5% of income earners paid 59% of the total income tax revenue, while earning 35% of the income reported. [114] The top 10% paid 70%, earning 46% and the top 25% paid 86%, earning 67%.
This table lists the tax revenue collected from each state, plus the District of Columbia and the territory of Puerto Rico by the IRS in fiscal year 2019, which ran from October 1, 2018, through September 30, 2019.
Various fringe individuals and groups have questioned the legitimacy of United States federal income tax. These arguments are varied, but have been uniformly rejected by the Internal Revenue Service and by the courts and ruled to be frivolous. [116] [117] [118]
There are seven tax brackets for most ordinary income for the 2023 tax year: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent.
In 2020 and 2021, some states enacted temporary relief provisions to avoid double taxation of income by two states — that state where your employer is located and the state where you worked from ...
The Internal Revenue Service (IRS) recently announced the tax... IRS Adjusts 2023 Tax Rates for Inflation: How It Will Impact Your Finances Skip to main content
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