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This is a table of the total federal tax revenue by state, federal district, ... Income tax in the United States; State taxes: State tax levels in the United States;
Federal, State, and Local income tax as a percent GDP Federal income, payroll, and tariff tax history Taxes revenue by source chart history US Capital Gains Taxes history In 1913, the top tax rate was 7% on incomes above $500,000 (equivalent to $15.4 million [ 96 ] in 2023 dollars) and a total of $28.3 million was collected.
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 top one percent of earners paid about 42% of the income tax revenue in the United States. This accounts for 10% of the government’s total federal tax revenue. Californian one percenters paid ...
Learn More: The 30 Safest and Richest US Cities To Live in 2024. aimintang / iStock.com. Florida. ... Personal income tax revenue share: 0%. Sales tax revenue share: 45%.
The first income tax in the United States was implemented with the Revenue Act of 1861 by Abraham Lincoln during the Civil War. In 1895 the Supreme Court ruled that the U.S. federal income tax on interest income, dividend income and rental income was unconstitutional in Pollock v.