Web Search

  1. Results from the WOW.Com Content Network
  2. State income tax - Wikipedia

    Forty-seven states and many localities impose a tax on the income of corporations. [1] State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. These tax rates vary by state and by entity type.

  3. Tax withholding in the United States - Wikipedia

    In the US, withholding by employers of tax on wages is required by the federal, most state, and some local governments. Taxes withheld include federal income tax, [3] Social Security and Medicare taxes, [4] state income tax, and certain other levies by a few states. Income tax withheld on wages is based on the amount of wages less an amount for ...

  4. Payroll tax - Wikipedia

    The tax is paid by employers based on the total remuneration (salary and benefits) paid to all employees, at a standard rate of 14% (though, under certain circumstances, can be as low as 4.75%). Employers are allowed to deduct a small percentage of an employee's pay (around 4%). [7] Another tax, social insurance, is withheld by the employer.

  5. Tax withholding - Wikipedia

    Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Donate

  6. Top 5 Reasons to Adjust Your Withholding -

    Use TurboTax's W-4 Withholding Calculator to determine the amount of withholding you should state on you and your spouse's W-4s. 3. You’re unemployed part of the year

  7. Income tax in the United States - Wikipedia

    As of 2010, 68.8% of federal individual tax receipts, including payroll taxes, were paid by the top 20% of taxpayers by income group, which earned 50% of all household income. The top 1%, which took home 19.3%, paid 24.2% whereas the bottom 20% paid 0.4% due to deductions and the earned income tax credit.

  8. State and local tax deduction - Wikipedia

    The United States federal state and local tax (SALT) deduction is an itemized deduction that allows taxpayers to deduct certain taxes paid to state and local governments from their adjusted gross income. The SALT deduction reduces the cost of state and local taxes to taxpayers. It disproportionately benefits wealthy and high-earning taxpayers ...