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  3. Taxation in the United States - Wikipedia

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    Learn about the different types and levels of taxes imposed by the federal, state, and local governments in the U.S. Find out how taxes affect income, spending, and inequality in the country.

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  5. Economic Recovery Tax Act of 1981 - Wikipedia

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    The ERTA was a major tax cut signed by President Reagan in 1981 to encourage economic growth. It reduced individual, estate, and corporate taxes, and introduced the Accelerated Cost Recovery System (ACRS) for depreciation.

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  7. Tax withholding in the United States - Wikipedia

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    Withheld income taxes are treated by employees as a payment on account of tax due for the year, [7] which is determined on the annual income tax return filed after the end of the year (federal Form 1040 series, and appropriate state forms). Withholdings in excess of tax so determined are refunded.

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