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  2. State income tax - Wikipedia

    en.wikipedia.org/wiki/State_income_tax

    The 1850s brought another few income tax abolitions: Maryland and Vermont in 1850, and Florida in 1855. During the American Civil War and Reconstruction Era, when both the United States of America (1861-1871) and the Confederate States of America (1863-1865) instituted income taxes, so did several states. [56]

  3. Tax withholding - Wikipedia

    en.wikipedia.org/wiki/Tax_withholding

    Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient. In most jurisdictions, tax withholding applies to employment income.

  4. Federal tax revenue by state - Wikipedia

    en.wikipedia.org/wiki/Federal_tax_revenue_by_state

    Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state, the District of Columbia, and Puerto Rico. The figure includes all Individual federal taxes and Corporate Federal Taxes, income taxes, payroll taxes, estate taxes, gift taxes, and excise taxes.

  5. Taxes 2024: Venmo & Cash App Won’t Be Sending 1099’s - AOL

    www.aol.com/finance/taxes-2024-venmo-cash-app...

    Although originally planned, the IRS announced that it's delaying a new tax reporting law for third-party payment services like Zelle, Cash App, PayPal and Venmo to report earnings over $600 to the...

  6. List of taxes - Wikipedia

    en.wikipedia.org/wiki/List_of_taxes

    Flat tax, an income tax where everyone pays the same tax rate. Gift tax, a tax on gifts given (generally paid by the person making the gift, not by the recipient). Gross receipts tax, a tax on revenues received by a corporation, even if they don't profit. Hall–Rabushka flat tax, a flat tax on income that excludes investments.

  7. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    Amounts of income tax so withheld must be paid to the taxing jurisdiction, and are available as refundable tax credits to the employees. Income taxes withheld from payroll are not final taxes, merely prepayments. Employees must still file income tax returns and self assess tax, claiming amounts withheld as payments. [63]

  8. Trickle-Down Taxation: Maryland Residents Facing 'Rain Tax' - AOL

    www.aol.com/news/on-maryland-rain-tax-stormwater...

    In 1965, disgusted by what he viewed as confiscatory taxation by the British authorities -- a supertax instituted by the Labor government was taking 95 percent of top earners' income -- George ...

  9. Report: New York population could shrink by millions in ...

    www.aol.com/news/report-york-population-could...

    New York lost more than $14.1 billion in state-adjusted gross income between 2021 and 2022 as residents fled to New Jersey, Florida and other low-tax states, according to the latest Internal ...

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