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The progressive statutory rate structure and the concentration of taxable realized income at the top in 2022
The new, temporary $6,000 "senior" deduction for taxpayers age 65+ in tax years 2025–2028 is subject to an income-based phaseout tied to Modified Adjusted Gross Income (MAGI): it is fully available at...
The IRS’s Publication 590‑B includes the official life‑expectancy divisors (Appendix B Tables I–III) used to compute required minimum distributions (RMDs), and those divisors applicable for 2026 appea...
The remade the federal clean-energy incentive landscape for corporations by extending traditional investment and production tax credits, creating new technology‑neutral credits to replace them, and ad...
A capable of replacing current federal receipts without increasing regressivity would require three mutually reinforcing design elements: a very broad tax base, a high headline rate (or higher if exem...
The is a progressive, marginal-rate system with seven primary brackets for tax year 2026—10%, 12%, 22%, 24%, 32%, 35% and 37%—and income thresholds adjusted for inflation and recent law changes (One B...
The largest dollar contributors of federal taxes in 2022 were the nation’s most populous and highest‑income states, led by California at roughly $692 billion, followed by New York, Texas, Florida and ...