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This is a table of the total federal tax revenue by state, federal district, and territory collected by the U.S. Internal Revenue Service. ... 2017, through September ...
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 [ 97 ] in 2023 dollars) and a total of $28.3 million was collected.
State income tax is allowed as a deduction in computing federal income, but is capped at $10,000 per household since the passage of the 2017 tax law. Prior to the change, the average deduction exceeded $10,000 in most of the Midwest, most of the Northeast, as well as California and Oregon.
The Internal Revenue Service released its tax changes for 2017, ... when considering that roughly 80% of all taxpayers wind up receiving a refund from the federal government. ... Table by author.
The Tax Cuts and Jobs Act was enacted in December 2017, which changed the tax rates for the 2018 tax year. With the exception of annual inflationary adjustments, the federal bracket system remains ...
The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), [2] [3] which is separately published as Title 26 of the United States Code. [4] With that law, the U.S. Congress created four types of rate tables, all of which are based on a taxpayer's filing status (e.g., "married individuals filing joint returns," "heads of households").