Ladies and gentlemen, the former U.S. secretary of defense: “I have sent in our federal income tax and our gift tax returns for 2013,” Rumsfeld wrote. “As in prior years, it is important for you to know that I have absolutely no idea whether our tax returns and our tax payments are accurate.” …. “The tax code is so complex and the forms are so complicated, that I know I cannot have any confidence that I know what is being requested and therefore I cannot and do not know, and I suspect a great many Americans cannot...
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Tax rates, visualized
From Weather Sealed, a chart showing marginal tax rates from 1910 to the present. To illustrate, Weather Sealed’s infographic team charted the historical U.S. income tax brackets for singles, adjusted for inflation, from 1910 to present. The colors indicate the marginal tax rate: black for low, red in the middle, and yellow for high. The horizontal axis is the tax year, and the vertical represents taxable income, log-scale, normalized to 2010 dollars with the Bureau Of Labor Statistics’ monthly CPI-U figures. The bracket data comes from The Tax Foundation and the IRS, and the effects of Social Security,...
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