To raise the funds that the Federal government needs to pay for the services and benefits it provides for the society it governs.
Barney McCoy Smith has written: 'The Federal income tax law' -- subject(s): Income tax, Law and legislation, Popular works 'Understanding and using the Federal income tax law' -- subject(s): Income tax, Outlines, syllabi
Abraham Lincoln signed the first Income Tax Law - 3% on incomes over $600.00
Joyce Stanley has written: 'Federal income tax law' -- subject(s): Income tax, Law and legislation
The federal government uses the income tax for general federal purposes. It is not designated for any specific purpose. Revenues from the tax can be used for anything from soldiers' salaries to interest on the national debt and millions of other expenditures. State and local income taxes are used according to state and local law.
Yes, there is. Lots of them, in fact.
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federal income tax people
There are various resources where one can view income tax law. Federal income tax law can be viewed at the official website for the IRS. For state tax laws, one can access their state's department of taxation or department of revenue website.
The federal personal income tax is an example of progressive tax.
The taxable amounts of the income from each income tax return will be taxed at the tax rates for the state and for the federal.
A deduction on your income tax return would reduce your taxable income on your 1040 income tax return and reduce your federal income tax liability. An income tax deduction amount from your gross pay would be a prepayment of any future federal income liability you may have after your income tax return is completely at the end of the tax year and if enough is deducted from your gross pay you could end up receiving a refund of some of the withheld income tax amount.
FEDERAL income tax is governed by FEDERAL law and regulations- same everywhere. Different STATES may have different STATEtaxes.