Answer: NOT42%
This is a table of the total federal tax revenue by state federal district and territory collected by the U.S. Internal Revenue Service.. Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state the District of Columbia and Puerto Rico.The figure includes all Individual federal taxes and Corporate Federal Taxes income taxes payroll taxes estate …
Total FICA tax paid by employee = $3 060 (7.65% of income) Total federal tax of individual = $3 973.75 + $3 060.00 = $7 033.75 (~17.58% of income) Total federal tax including employer’s contribution: Total FICA tax contributed by employer = $3 060 (7.65% of income)
Tax revenue is the income that is gained by governments through taxation.Taxation is the primary source of government revenue . Revenue may be extracted from sources such as individuals public enterprises trade royalties on natural resources and/or foreign aid.An inefficient collection of taxes is greater in countries characterized by poverty a large agricultural sector and large amounts of …
Income tax in the United States – Wikipedia
Federal tax revenue by state – Wikipedia
Income tax in the United States – Wikipedia
Income tax in the United States – Wikipedia
Income tax in the United States – Wikipedia
90% of the excise tax revenue comes from taxing passenger air fares and the remaining 10% comes from air cargo and aviation fuel taxes. Affordable Care Act excise taxes [ edit ] Excise taxes for the Affordable Care Act raised $16.3 billion in fiscal year 2015. $11.3 billion was an excise tax placed directly on health insurers based on their …
At the end of the American Civil War in 1865 about 63% of Federal in…