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2. Legal history of income tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Legal_history_of_income...

   In order to help pay for its war effort in the American Civil War, the United States government imposed its first personal income tax, on August 5, 1861, as part of the Revenue Act of 1861. Tax rates were 3% on income exceeding $600 and less than $10,000, and 5% on income exceeding $10,000. [ 8] This tax was repealed and replaced by another ...

3. History of taxation in the United States - Wikipedia

   en.wikipedia.org/wiki/History_of_taxation_in_the...

   Congress enacted an income tax in October 1913 as part of the Revenue Act of 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000, equivalent of $16,717,815 in 2018 dollars [24]). The average rate for the ...

4. Income tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Income_tax_in_the_United...

   Some income, such as municipal bond interest, is exempt from income tax. Federal receipts by source as share of total receipts (1950–2014). Individual income taxes (purple), payroll taxes/FICA (azure), corporate income taxes (green), excise taxes (orange), estate and gift taxes (yellow), other receipts (blue). [12]

5. Taxation in New Mexico - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_New_Mexico

   Personal income tax rates for New Mexico range from 1.7% to 4.9%, within four income brackets. [ 9] The individual income tax rates are listed in the table below. [ 10] Rate. Income. Heads of household, widow (er)s, and married persons filing jointly. 1.7%. $8,000 or less. $136 plus 3.2% of excess over $8,000.

6. Constructive receipt - Wikipedia

   en.wikipedia.org/wiki/Constructive_receipt

   For federal income tax purposes, the doctrine of constructive receipt is used to determine when a cash-basis taxpayer has received gross income. [ 1] A taxpayer is subject to tax in the current year if he or she has unfettered control in determining when items of income will or should be paid. [ 2] Unlike actual receipt, constructive receipt ...

7. How long should you keep your student loan records and ... - AOL

   www.aol.com/news/2019-04-12-how-long-should-you...

   Bottom line: Keep at least until your loan has been repaid. 4. Student loan receipt. You can typically request and receive a loan receipt from your loan servicer or lender. You could use it to ...