Income from taxes_______
Answers
Answer:
The governments in the US collect about $4.7 trillion a year in income and payroll taxes. Income tax is where governments collect the most tax: in federal, state, and local income tax they will collect about $2.8 trillion in 2021.
Explanation:
The top rate of federal income tax is 35% in the USA, and they only start to pay that if they earn more than $398,100 in a year – compared with 40% tax in the UK if you earn more than £42,475 and 50% if you earn more than £150,000.
Answer:
The governments in the US collect about $4.7 trillion a year in income and payroll taxes. Income tax is where governments collect the most tax: in federal, state, and local income tax they will collect about $2.8 trillion in 2021.
Explanation:
The top rate of federal income tax is 35% in the USA, and they only start to pay that if they earn more than $398,100 in a year – compared with 40% tax in the UK if you earn more than £42,475 and 50% if you earn more than £150,000.
Explanation: