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  2. Revenue and Expenditure Control Act of 1968 - Wikipedia

    en.wikipedia.org/wiki/Revenue_and_Expenditure...

    The Revenue and Expenditure Control Act of 1968 is a United States law that created a temporary 10 percent income tax surcharge for both individuals and corporations through June 30, 1969, to help pay for the Vietnam War. It also delayed a scheduled reduction in the telephone and automobile excise tax, causing them to end in 1973 instead of ...

  3. Progressivity in United States income tax - Wikipedia

    en.wikipedia.org/wiki/Progressivity_in_United...

    U.S. federal income (individual and corporate) and payroll tax rates by income percentile and component as projected for 2014 by the Tax Policy Center. [5] CBO Median Income Tax Rates CBO Data Shares of Market Income and Net Federal Taxes, By Income Group, 2010 CBO Data Shares of Market Income and Net Federal Taxes, By Income Group, 2010 - 99% and 1%

  4. Tax policy and economic inequality in the United States

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

    The effective individual income tax rate dropped from 21.8% to 19.9% in 1989. ... specifically a 2% tax for wealth over $50 million and another 1% surcharge on wealth ...

  5. What is income tax? How it works, different types and what ...

    www.aol.com/income-tax-works-different-types...

    Individual income tax, also called personal income tax, is placed on a person's wages, salary and other forms of income. This particular tax is generally imposed by the state.

  6. Clinton seeks surcharge tax on wealthiest tier of Americans - AOL

    www.aol.com/news/2016-01-11-clinton-to-propose-4...

    The so-called "Fair Share Surcharge" would be imposed on the two out of every 10,000 taxpayers making more than $5 million a year. Clinton seeks surcharge tax on wealthiest tier of Americans Skip ...

  7. Trump-Era Tax Cuts Are Expiring: 4 Ways This Impacts ... - AOL

    www.aol.com/trump-era-tax-cuts-expiring...

    Individuals Will Likely Pay More if Trump-Era Tax Cuts Aren’t Extended Individual income tax brackets will revert to 2017 levels, increasing anywhere between 1% to 4% for many Americans, Fox ...

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