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- three income calculations when determining income tax liability: Gross income, the actual income the taxpayer receives. Adjusted gross income (AGI),...12 KB (1,959 words) - 16:47, 13 August 2022
- separately. One commonly-debated point of income tax law is the marriage penalty. Married taxpayers are taxed at different rates than single taxpayers...4 KB (590 words) - 16:19, 13 August 2022
- Tax credits are applied at the last stage in the tax computation process. They directly reduce the actual tax paid by the taxpayer. This makes them highly...4 KB (611 words) - 16:14, 13 August 2022
- Income taxes in the United States are levied by the federal government and by state and local governments. The federal income tax, upon which this text...10 KB (1,579 words) - 16:58, 13 August 2022
- temporary repeal of the estate tax.) Note that while inherited property is essentially "free" for income tax purposes, income in respect of a decedent is...5 KB (844 words) - 16:36, 13 August 2022
- line—subtracted from gross income to reach AGI. The other deductions for individuals are below the line—subtracted from AGI to reach taxable income. When calculating...8 KB (1,201 words) - 16:27, 13 August 2022
- Business pay income taxes on their profit, whether the business is a major corporation or a self-employed individual. This is achieved by deducting trade...14 KB (2,150 words) - 16:28, 13 August 2022
- separate treatment from "ordinary" gains and losses. Capital gains are taxed before income, at a significantly lower rate than ordinary gains. Capital losses...7 KB (1,029 words) - 16:34, 13 August 2022
- US Income Tax AMENDMENT XVI. The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among...967 bytes (104 words) - 17:04, 13 August 2022
- US Income Tax The current, editable version of this book is available in Wikibooks, the open-content textbooks collection, at https://en.wikibooks.org/wiki/US_Income_Tax...13 bytes (10,014 words) - 17:03, 13 August 2022
- Income Tax and Capital Gains Tax rates 2006/07 2005/06 £ £ Starting rate on first 2,150 2,090 Basic rate on next 31,150 30,310 Higher rate on taxable...1 KB (154 words) - 00:58, 6 January 2018
- create new jobs in Enterprise Zones may receive various State income or real estate tax credits. For more information see http://www.choosemaryland...56 KB (8,553 words) - 14:28, 26 September 2019
- This Section sets out Schedule A, the charge to tax arising from income on UK land. Subsection (1) sets out the four paragraphs of the charge. Paragraph...5 KB (522 words) - 02:17, 6 January 2018
- corporation tax is charged under income tax principles, unless there is a provision to the contrary, and for these purposes the corporation tax term "accounting...4 KB (519 words) - 02:22, 6 January 2018
- on a company’s income tax return comes from the income statement, there often is a difference between pretax income and taxable income. These differences...6 KB (832 words) - 15:23, 16 October 2017
- investment companies are taxed at the lower rate of income tax, which, for 2005/6 is 20%. Life assurance companies are taxed using the above rate on shareholder...8 KB (664 words) - 23:30, 5 January 2018
- charge to tax under Schedule D. Subsection (1) raises the charge to tax in respect of: Annual profits or gains arising or accruing on worldwide income from...4 KB (584 words) - 04:40, 1 May 2022
- resident company shall be treated as income tax, and also that a requirement to withhold income tax imposed by the Income Tax Acts stands notwithstanding that...2 KB (208 words) - 02:21, 6 January 2018
- within the charge to income tax. This is typically the case for non-UK resident companies that receive income from UK land, where income less expenses is...4 KB (476 words) - 00:59, 6 January 2018
- will not be taxed on it. The specific provisions applying to the taxation of income have their history in the 18th century, when income tax was introduced...6 KB (850 words) - 23:29, 5 January 2018