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The following is a list of the highest-income ZCTAs in the United States. ZCTAs or ZIP Code Tabulation Areas are the census equivalent of ZIP codes used for statistical purposes. The reason why regular ZIP codes are not used is because they are defined by routes rather than geographic boundaries.
The Revenue Act of 1913 reintroduced the federal income tax, giving the United States federal government access to income data for individuals and businesses. The Revenue Act of 1916 made some updates to the tax code, and also mandated the publication of statistics of income based on the tax returns filed. [1] [2]
ZCTAs are generalized area representations of the United States Postal Service (USPS) ZIP code service areas, but are not the same as ZIP codes. Individual USPS ZIP codes can cross state, place, county, census tract, census block group and census block boundaries, so the Census Bureau asserts that "there is no correlation between ZIP codes and ...
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly.
In 1894, Democrats in Congress passed the Wilson-Gorman tariff, which imposed the first peacetime income tax. The rate was 2% on income over $4,000, which meant fewer than 10% of households would pay any. ($4,000 was 19.3 times the 1894 nominal GDP per capita of $207.23; the corresponding income in 2021 is $1.3M.)
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.
There are generally two widely accepted versions of a postal code: a ZIP code and a ZIP + 4 code. Established in 1963, ZIP codes are the most common and recognizable postal code used by the USPS.
Some local governments also impose an income tax, often based on state income tax calculations. Forty-one states, the District of Columbia, and many localities in the United States impose an income tax on individuals. Nine states impose no state income tax. Forty-seven states and many localities impose a tax on the income of corporations. [1]