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  2. Taxation in Denmark - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Denmark

    Income below DKK 50,543 (~US $8,300) (2021-level, adjusted annually) is income tax-free, but subject to the gross tax. The state (i.e., national) income tax has two income brackets (bottom and top). In 2016, around 10% of all tax payers had sufficiently high taxable incomes to be eligible for the top-bracket tax.

  3. Taxation in Norway - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Norway

    Taxation in Norway is levied by the central government, the county municipality ( fylkeskommune) and the municipality ( kommune ). In 2012 the total tax revenue was 42.2% of the gross domestic product (GDP). Many direct and indirect taxes exist. The most important taxes – in terms of revenue – are VAT, income tax in the petroleum sector ...

  4. Taxation in Puerto Rico - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Puerto_Rico

    On 29 July 2007, the government approved Law Number 80, making the tax mandatory for all municipalities of the commonwealth. Also, the tax rates were changed to 6% at the state level and 1% at the municipal level. On 1 July 2015, the sales tax rate was increased from 7% to 11.5%, in response to a suffering economy.

  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. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    Under United States tax law, the standard deduction is a dollar amount that non- itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser amount of tax ...

  7. Can My Capital Gains Push Me Into a Higher Tax Bracket? - AOL

    www.aol.com/finance/capital-gains-push-higher...

    The income tax is what is referred to within the tax brackets above. A short-term capital gains tax is taxed at the same tax brackets, but long-term capital gains are taxed at 0%, 15% or 20%.

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