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income tax
(Encyclopedia) income tax, assessment levied upon individual or corporate incomes. Although personal incomes were occasionally taxed in medieval Italian cities, the income tax is essentially a modern form of ...Federal Income Tax Comparisons
Taxes at Selected Rate Brackets After Standard Deductions and Personal Exemptions1 Adjustedgrossincome Single return listing n…The Federal Income Tax
The Question: When did the people start paying federal income tax? The Answer: According to the History of the Income Tax in our…Federal Individual Income Tax
Tax Brackets—2014 Taxable Income Who Must F…History of the Income Tax in the United States
Source: Tax Foundation. The nation had few taxes in its early history. From 1791 to 1802, the United States government was supported by internal taxes on distilled spirits, car…Income Tax by Country, 2004
Country Single person without children One-earner family with two children Australia 24.3% 24.3% Austria 10.8 8.1 Belgium 26.6 15.2 Canada…Who Must File a Return
The following table shows the IRS requirements for filing tax returns in 2014, according to age, marital status, and gross income. If your filing status is: Ag…Tax Brackets—2006 Taxable Income
Joint return Single taxpayer Rate$0–$15,100$0–$7,50010.0%15,100–61,3007,500–30,650 15.061,300–123,700 30,650 –74,20025.0123,700 –188,450 74,200–154,80028.0188,450–336,550154,800–336,5…Credits
Taxpayers can reduce their income tax liability by claiming the benefit of certain tax credits. Each dollar of tax credit offsets a dollar of tax …Adjusted Gross Income
Gross income consists of wages and salaries, unemployment compensation, tips and gratuities, interest, dividends, annuities, rents and royalties, up to 85% of Social Security …
