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  2. Income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_the_United...

    A different perspective using gross income rather than AGI appears in work by Leiserson and Yagan (2021) published by the Biden White House. Leiserson and Yagan estimated that the average federal effective individual income tax rate paid by America's 400 wealthiest families was between 6 and 12 percent with the most likely number being 8.2 percent.

  3. Today is Tax Day. The IRS expects ‘tens of millions’ of ...

    www.aol.com/today-tax-day-irs-expects-100030326.html

    April 15, 2024 at 3:00 AM. Douglas Sacha/Moment RF/Getty Images. It’s Tax Day in the United States for most Americans, and there are still plenty of people racing to file their 2023 income tax ...

  4. Legal history of income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Legal_history_of_income...

    In order to help pay for its war effort in the American Civil War, the United States government imposed its first personal income tax, on August 5, 1861, as part of the Revenue Act of 1861. Tax rates were 3% on income exceeding $600 and less than $10,000, and 5% on income exceeding $10,000. [ 8] This tax was repealed and replaced by another ...

  5. Revenue Act of 1913 - Wikipedia

    en.wikipedia.org/wiki/Revenue_Act_of_1913

    The Revenue Act of 1913, also known as the Underwood Tariff or the Underwood-Simmons Act (ch. 16, 38 Stat. 114 ), re-established a federal income tax in the United States and substantially lowered tariff rates. The act was sponsored by Representative Oscar Underwood, passed by the 63rd United States Congress, and signed into law by President ...

  6. Newsom, IRS give Californians until October to file tax returns

    www.aol.com/news/newsom-irs-californians-until...

    The delay to mid-October applies to every 2022-related action that would have faced an April 17 deadline, including making tax-favored contributions to an IRA or a health savings account.

  7. History of taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_taxation_in_the...

    Congress enacted an income tax in October 1913 as part of the Revenue Act of 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000, equivalent of $16,717,815 in 2018 dollars [24]). The average rate for the ...

  8. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    Wisconsin adopted a corporate and individual income tax in 1911, [151] and was the first to administer the tax with a state tax administration. The first federal income tax was adopted as part of the Revenue Act of 1861. [152] The tax lapsed after the American Civil War.

  9. Revenue Act of 1862 - Wikipedia

    en.wikipedia.org/wiki/Revenue_Act_of_1862

    The Revenue Act of 1862 (July 1, 1862, Ch. 119, 12 Stat. 432 ), was a bill the United States Congress passed to help fund the American Civil War. President Abraham Lincoln signed the act into law on July 1, 1862. The act established the office of the Commissioner of Internal Revenue, a department in charge of the collection of taxes, and levied ...

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