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  2. Capital gains tax - Wikipedia

    The tax rate of the capital gains tax depends on how much profit you gained and also on how much money you make annually. For example, in the UK the CGT is currently ( tax year 2021–22) 10% of the profit if your income is under £50,000, then it is 20% if your income exceeds this limit.

  3. IRS tax forms - Wikipedia

    As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.

  4. Earned income tax credit - Wikipedia

    Wages, salaries, tips, commissions, and other taxable employee pay. Net earnings from self-employment. Gross income received as a statutory employee. Disability payments through a private employer's disability plan received prior to minimum retirement age (62 in 2011).

  5. Economy of California - Wikipedia

    Because excise taxes are "hidden" (not listed separately) the price of the cigarettes plus the excise tax have a 7.25% to 10.0% sales tax added to the purchase price—a tax on a tax. California alcoholic beverage taxes varies by beverage, from 20¢ per gallon of wine or beer to $6.60 per gallon of spirits (over 100 proof). The unemployment ...

  6. Minimum wage in the United States - Wikipedia

    As of January 1, 2020, if a worker under 18 works more than 650 hours for the employer during any calendar year, they must be paid the regular (over 18 wage). Tipped employees earn 60% of the minimum wage (employers may claim credit for tips, up to 40% of wage) and there is a training wage for tipped employees.

  7. Presidency of Barack Obama - Wikipedia

    The tax provisions of the law, including a $116 billion income tax cut, temporarily reduced taxes for 98 percent of taxpayers, bringing tax rates to their lowest levels in 60 years. The Obama administration would later argue that the stimulus saved the United States from a "double-dip" recession.