the.com/us federal income tax
the annual fee for living in a country with roads, a military, and an irs that never forgets your birthday.
means a tax the federal government levies on income earned by individuals and businesses, collected mostly through paycheck withholding and reconciled every april.
from authorized permanently by the 16th amendment in 1913 after the supreme court had struck down an earlier version in 1895 for not being apportioned among states.
top rate historyhit 94 percent during world war two
filing deadlinemoved to april because of postal delays, 1955
tax code lengthruns past 6,000 pages of statutes
half the countrypays roughly 97 percent of all income tax
for instance
form 1040 — the standard individual return since 1913
withholding system — introduced in 1943 to fund world war two
earned income tax credit — created 1975, now aids over 25 million filers
alternative minimum tax — born 1969 to catch 155 wealthy non-payers