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  2. Roth IRA - Wikipedia

    A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting a tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are tax-free ...

  3. American Recovery and Reinvestment Act of 2009 - Wikipedia

    $15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes). $14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.

  4. Earned income tax credit - Wikipedia

    Tax Credit for case of one qualifying child. With one child and parent filing singly or as head of household, as of 2020: For income between $10,540 and $19,330, the tax credit is a constant "plateau" at $3,584. For income over $41,765, the tax credit is zero. This is represented by the lightest blue, solid line:

  5. Carbon tax - Wikipedia

    In 2009, France detailed a carbon tax with a levy on oil, gas, and coal consumption by households and businesses that was supposed to come into effect on 1 January 2010. The tax would affect households and businesses, which would have raised the cost of a litre of unleaded fuel by about four euro cents (25 US cents per gallon).

  6. Income tax in the United States - Wikipedia

    Based on the summary of federal tax income data in 2009, with a tax rate of 35%, the highest earning 1% of people paid 36.7% of the United States' income tax revenue. In 2012, President Obama announced plans to raise the two top tax rates from 35% to 39.6% and from 33% to 36%.

  7. Taxation in Gibraltar - Wikipedia

    With effect from 25 June 2009, the possibility to ‘carry back’ excess contributions to earlier tax years was abolished. Furthermore, with effect from 1 July 2009, tax relief on contributions to retirement annuity contracts and personal pension schemes is limited to the lower of 20% of earned income or £35,000.

  8. Social Security debate in the United States - Wikipedia

    Removing the cap on the payroll tax. Income over a threshold ($110,100 in 2012) is not subject to the payroll tax, nor are additional benefits paid to those with income above this level. Removing the cap would fund the entire 75-year shortfall. Raising the retirement age gradually.

  9. NBA salary cap - Wikipedia

    For example, a team that is $8 million over the tax threshold will pay $1.50 for each of its first $5 million over the tax threshold, and $1.75 per dollar for the remaining $3 million. Starting in 2014–15, "repeat offenders", subject to additional penalties, are defined as teams that paid tax in previous seasons.