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BOOK SUMMARY :

Income taxes in the united states are imposed by the federal most state and many local governmentsthe income taxes are determined by applying a tax rate which may increase as income increases to taxable income which is the total income less allowable deductionsincome is broadly defined individuals and corporations are directly taxable and estates and trusts may be taxable on the history of taxation in the united states begins with the colonial protest against british taxation policy in the 1760s leading to the american revolutionthe independent nation collected taxes on imports whiskey and for a while on glass windowsstates and localities collected poll taxes on voters and property taxes on land and commercial buildingsstate and local taxes get tax information in your state tax credits and deductions learn about tax relief benefits and incentives tax reform the new tax reform law applies to your 2018 federal income taxes due in april understand the changes before you complete your returnthe top personal income tax rate in the united states stands at 37 percent for individuals with an income above 500000 usd per year and married filling jointly with an income above 600000 usd per year personal income tax rate in the united states averaged 3667 percent from 2004 until 2018 reaching an all time high of 3960 percent in 2013 and a record low of 35 percent in 2005if in the midst of sorting receipts and studying the latest changes in the us income tax laws you suddenly wonder what is the origin of this annual ritual in the weeks leading up to april 15th here are some places you can go for answers the origin of the income tax on individuals is generally

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