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  2. Income tax - Wikipedia

    en.wikipedia.org/wiki/Income_tax

    The tax rate may increase as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on companies is usually known as corporate tax and is commonly levied at a flat rate. Individual income is often taxed at progressive rates where the tax rate applied to each additional unit of income increases (e.g., the ...

  3. Do you qualify for a simple tax return? Here’s how to know

    www.aol.com/qualify-simple-tax-return-know...

    The top tax software providers all have their own standards for their free versions, but generally, a simple tax return is filed using only IRS Form 1040 without any added complexity. You probably ...

  4. Income tax in the United States - Wikipedia

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

    Federal, State, and Local income tax as a percent GDP Federal income, payroll, and tariff tax history Taxes revenue by source chart history US Capital Gains Taxes history In 1913, the top tax rate was 7% on incomes above $500,000 (equivalent to $15.4 million [ 96 ] in 2023 dollars) and a total of $28.3 million was collected.

  5. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    3.2 Basic concepts. 3.3 Filing status. 3.4 Graduated tax rates. 3.5 Income. 3.6 Deductions and exemptions. ... Underpayment of Estimated Tax by Corporations Penalty.

  6. Stay updated on the news about taxes, deadlines, deductions, laws, the IRS, and all things related to your income taxes.

  7. Adjusted gross income - Wikipedia

    en.wikipedia.org/wiki/Adjusted_gross_income

    In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions. [1] It is used to calculate taxable income, which is AGI minus allowances for personal exemptions and itemized deductions. For most individual tax purposes, AGI is more relevant than gross income.

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