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  2. Retirement plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Retirement_plans_in_the...

    Types of retirement plans. Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.

  3. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.

  4. Economy of Denmark - Wikipedia

    en.wikipedia.org/wiki/Economy_of_Denmark

    The all-record highest Danish tax level was 49.8% of GDP, reached in 2014 because of high extraordinary one-time tax revenues caused by a reorganization of the Danish-funded pension system. The Danish tax-to-GDP-ratio of 46% was the second-highest among all OECD countries, second only to France. The OECD average was 34.2%.

  5. Bruce Rauner - Wikipedia

    en.wikipedia.org/wiki/Bruce_Rauner

    On January 1, 2015, the income tax increase automatically decreased, with the personal income tax rate falling from 5% to 3.75% and the corporate tax rate from 7% to 5.25%. In July 2014, Rauner called for expanding Illinois' sales tax to dozens of services, such as legal services, accounting services, and computer programming, which were not ...

  6. Tax break - Wikipedia

    en.wikipedia.org/wiki/Tax_break

    In many cases tax break is announced with a limitation factor, which restricts the maximum use of this tax break. For example, a tax credit is given for purchases of electric cars. The tax credit should deprecate 10% from purchases, but the limiting factor is 500$, which can’t be exceeded. The tax break is utilized for numerous potential aims.