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In 1913, the Sixteenth Amendment to the United States Constitution was ratified, permitting the federal government to levy an income tax on both property and labor. U.S. federal government tax receipts as a percentage of GDP from 1945 to 2015. 2010 to 2015 data are estimated.
According to ONE, a single taxpayer, making the average household income of $49,445, pays $8,486 in taxes before exemptions. Of that, the biggest chunk, over $1,740, goes to Social Security and ...
Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state, the District of Columbia, and Puerto Rico. The figure includes all Individual federal taxes and Corporate Federal Taxes, income taxes, payroll taxes, estate taxes, gift taxes, and excise taxes.
The federal government has imposed an income tax since the ratification of the Sixteenth Amendment to the United States Constitution was ratified in 1913, and 42 US states impose state income taxes. Income taxes are levied on wages as well as on capital gains , and fund federal and state governments.
The telling stat in the U.S. Treasury Department's February budget report? U.S. government tax receipts, which plummeted 17 percent to a 14-year low of $87.3 billion. Outlays were flat at $280.1 ...
Income taxes. Form 1040, U.S. Individual Income Tax Return; Form 1040A, U.S. Individual Income Tax Return; Form 1040EZ, Income Tax Return for Single and Joint Filers with No Dependents; Form 1041, U.S. Income Tax Return for Estates and Trusts (for 1993 and prior years, this was known as "U.S. Fiduciary Income Tax Return");