tax

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Related to Tax brackets: head of household, Tax deductions

tax

a compulsory financial contribution imposed by a government to raise revenue, levied on the income or property of persons or organizations, on the production costs or sales prices of goods and services, etc.
References in periodicals archive ?
How does your current marginal tax bracket compare to your future marginal tax bracket?
6 percent tax bracket when taxable income is more than $400.
tax code has required that federal income tax brackets be adjusted for inflation annually, and inflation adjustments have been inserted into the Internal Revenue Code in recent years with increasing frequency.
For example, if 40% of the converted amount reflects after-tax contributions and the client is in a 28% tax bracket, then only 60% of the amount being converted is taxed.
Much of the shrinkage is connected to the weakening economy - with investment income, bonuses, profits and commissions drying up, many of Maryland's richest taxpayers slipped into lower tax brackets.
8 billion as inflation pushes more workers into higher tax brackets.
Assume a mortgage of $150,000 and a homebuyer in the combined Federal and state tax bracket of 33%.
For a corporation in the 40 percent tax bracket (state and federal), that means about $400,000 in direct tax savings from the passive losses.
The new tax brackets mean tax relief for the average family," said State Controller and FTB Chair John Chiang.
Credits also exist for the disabled, the elderly, and those in lower income tax brackets.
1378, because that section allowed the benefit of the lower corporate tax brackets and required an allocation of same among the group members.