income tax collected by the United States, most individual U.S. states collect a state income tax. Some local governments also impose an income tax,...

most state governments impose an income tax. They are determined by applying a tax rate, which may increase as income increases, to taxable income, which...

income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income)...

Individual income tax is a kind of income tax levied by the state on the income of citizens and individuals living in the country and the income derived...

The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government...

income pay a lower percentage of that income in tax than do those with higher income. It can also apply to adjustments of the tax base by using tax exemptions...

States has separate federal, state, and local governments with taxes imposed at each of these levels. Taxes are levied on income, payroll, property, sales...

Corporate tax is imposed in the United States at the federal, most state, and some local levels on the income of entities treated for tax purposes as...

to net income, defined as the gross income minus taxes and other deductions (e.g., mandatory pension contributions). For a firm, gross income (also gross...

types of taxes: corporate tax, individual income tax, and sales tax, including VAT and GST and capital gains tax, but does not list wealth tax or inheritance...

Income tax return is the form in which assesses file information about his/her income and tax thereon to Income Tax Department. Various forms are ITR...

corporate income. Countries or subunits often also impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, use taxes, environmental...

the jock tax is the colloquially named income tax levied against visitors to a city or state who earn money in that jurisdiction. Since a state cannot afford...

Taxes withheld include federal income tax, Social Security and Medicare taxes, state income tax, and certain other levies by a few states. Income tax...

Essentially, tax brackets are the cutoff values for taxable income—income past a certain point is taxed at a higher rate. Imagine that there are three tax brackets:...

States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions. It is used to calculate taxable income...

California Franchise Tax Board (FTB) administers and collects state personal income tax and corporate franchise and income tax of California. It is part...

Taxation of income in the United States has been practised since colonial times. Some southern states imposed their own taxes on income from property...

A corporate tax, also called corporation tax or company tax, is a type of direct tax levied on the income or capital of corporations and other similar...

In economics, a negative income tax (NIT) is a system which reverses the direction in which tax is paid for incomes below a certain level; in other words...

A tax return is the completion of documentation that calculates an entity or individual's income earned and the amount of taxes to be paid to the government...

States, an income tax audit is the examination of a business or individual tax return by the Internal Revenue Service (IRS) or state tax authority. The...

Income tax in Australia is imposed by the federal government on the taxable income of individuals and corporations. State governments have not imposed...

property, income, or transactions. It is an amount taken away from a taxpayer’s taxable income. Tax-exempt status may provide complete relief from taxes, reduced...

owners. For the taxing authority, one advantage of the property tax over the sales tax or income tax is that the revenue always equals the tax levy, unlike...

the federal government) began collecting sales taxes in the 1930s. The United States imposed income taxes briefly during the Civil War and the 1890s. In...

The alternative minimum tax (AMT) is a tax imposed by the United States federal government in addition to the regular income tax for certain individuals...

The Hall income tax was a Tennessee state tax on interest and dividend income from investments. It was the only tax on personal income in Tennessee, which...

Business Income Tax (UBIT) in the U.S. Internal Revenue Code is the tax on unrelated business income, which comes from an activity engaged in by a tax-exempt...

Sales taxes in the United States are taxes placed on the sale or lease of goods and services in the United States. Sales tax is governed at the state level...