When you fill out the W-4 form, that will determine how much is taken out for taxes. When you get your checks then you will see how much has been taken out.
There are many websites available online that can help you calculate your income tax percentage. It is usually based on your income and the type of income that you have.
The Highest percentage income tax in the year of 1918 was 77%
the percentage of tax rises
Total income tax as a percentage of total taxable income is the average tax rate, whereas total income tax as a percentage of total economic income is the effective tax rate.
There are two types of tax that is related to income equality: Regressive tax: The tax as a percentage of your income decrease as your income rises. Example includes VAT (Value Added Tax) where the burden of the tax falls more heavily onb the poor than to the rich. Therefore it increases the income inequality. Progressive tax: The tax as a percentage of your income increases as your income rises. Example includes income tax where as your income rises, the tax percentage increases. Therefore, it creates more income equality.
Your question is backwards. There is no income on tax. However, there is a tax on income. This is known as income tax. Income tax is a system created by the government that takes a percentage of your income out of your check based on how much money you earn. Generally speaking, the higher your income, the higher the percentage of it the government takes.
Income tax an amount of tax that is due on your TAXABLE INCOME amount for the tax year.
As income increases the percentage of that paid as tax progressively increases. If it was a "flat tax" instead, the percentage paid would be constant regardless of income.
What was the highest percentage income tax being paid in 1918
A tax system that maintains a constant percentage rate on income as it rises is commonly known as a "flat tax".
Income Tax
A progressive tax.