This online tool can estimate the difference an individual might pay in federal income tax using the current Internal Revenue Service tax code and the tax bill President Trump announced on April 26, 2017. The calculator takes into consideration wages, salaries, income, adjustments to income, deductions, as well as exemptions. As new details are provided, we will update this calculator.
Unlike the federal government, which has a series of tax brackets that apply to all U.S. taxpayers, state-level income tax rates are not standardized. In fact, several states do not even have an income tax but rely on other sources of funds to provide essential services to their residents.
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Consumer Debt Statistics: The latest statistics from the Federal Reserve indicate consumer debt in the United States continues to increase, reaching nearly $3.9 trillion in June 2017. According to statistics published by the Census Bureau, that works out to over $11,970 in debt for every man, woman and child that lives here in the United States.
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Highest Paying Jobs 2016: In this article, we're going to provide several lists of the highest paying jobs in America, as determined by the U.S. Bureau of Labor Statistics. We're also going to slice and dice that data several different ways, revealing some interesting trends in the information.
