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The progressive statutory rate structure and the concentration of taxable realized income at the top in 2022
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 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 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 ...