Michigan has been tangled up in a transportation funding back-and-forth for the last year or so. The most recent episode was a May ballot initiative to raise sales and gas taxes that failed 80-20. As of yesterday, news...
- Federal Individual Income Tax: Exemptions and Treatment o...
Federal Individual Income Tax: Exemptions and Treatment of Dividends, 1913-2006
December 12, 2006
Key Findings The average combined federal, state, and local top marginal tax rate on long-term capital gains in the United States is 28.6 percent – 6th highest in the OECD. This is more than 10 percentage points higher than the simple...
Key Findings Taxpayers reported $9.2 trillion of total income on their 2012 tax returns, a substantial increase from the previous year’s $8.4 trillion. 68 percent ($6.3 trillion) of total income reported on individual income tax returns...
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