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  2. Form 1040 - Wikipedia

    en.wikipedia.org/wiki/Form_1040

    2016 79 2 215 2015 79 2 211 2014: 79: 2: ... and lets people with incomes of over $100,000 compute their taxes directly using the Tax Computation Worksheet. ...

  3. 2016 California Proposition 55 - Wikipedia

    en.wikipedia.org/wiki/2016_California_Proposition_55

    Proposition 55 is a California ballot proposition that passed on the November 8, 2016 ballot, regarding extending by twelve years the temporary personal income tax increases enacted in 2012 on earnings over $250,000, with revenues allocated to K–12 schools, California Community Colleges, and, in certain years, healthcare. [2]

  4. Progressive tax - Wikipedia

    en.wikipedia.org/wiki/Progressive_tax

    Pitt's new graduated (progressive) income tax began at a levy of 2 old pence in the pound (1 ⁄ 120 or 0.83%) on annual incomes over £60 and increased up to a maximum of 2 shillings (10%) on incomes of over £200. Pitt hoped that the new income tax would raise £10 million, but actual receipts for 1799 totalled just over £6 million.

  5. Taxation in California - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_California

    There is an additional 1% tax (the California Mental Health Services Act tax) if your taxable income is more than $1,000,000, which results in a top income tax rate of 13.3% in California which is the highest statewide income tax rate in the United States. [42] The standard deduction is $4,601 for 2020. [43]

  6. Alternative minimum tax - Wikipedia

    en.wikipedia.org/wiki/Alternative_minimum_tax

    The alternative minimum tax (AMT) is a tax imposed by the United States federal government in addition to the regular income tax for certain individuals, estates, and trusts. As of tax year 2018, the AMT raises about $5.2 billion, or 0.4% of all federal income tax revenue, affecting 0.1% of taxpayers, mostly in the upper income ranges. [1] [2]

  7. 2016 California Proposition 56 - Wikipedia

    en.wikipedia.org/wiki/2016_California_Proposition_56

    Proposition 56 is a California ballot proposition that passed on the November 8, 2016 ballot. It increased the cigarette tax by $2.00 per pack, effective April 1, 2017, with equivalent increases on other tobacco products and electronic cigarettes containing nicotine. [2] The bulk of new revenue is earmarked for Medi-Cal. [3]

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