*History of the Income Tax in the United States:
*What is income tax?
Types of Income Tax
B. International Differences:
In Conclusion
B. Corporate Income Tax
The Differences of Income Tax
A. Local differences:
1. Countries without any kind of Taxes such as Saudi Arabia, and Arabian Gulf Countries (Kuwait,Bahrain...)
A. Personal Income Tax
-The beginning of the income tax in America
- - In 1862 the US government imposed the first national income tax.
- - In 1861-1862 the congress passed tax laws.
- - In 1863 the federal government collected the first income tax.
C. Payroll taxes:
1- Employee
2- Employer
1-States without an individual income tax such as Alaska, Florida, and Texas.
-The types of Income Tax
A. Local Differences
2. Countries with special types of income tax such as Iran.
*Most of revenues come from Personal Income Tax.
B. International differences
-Differences in income Tax
2- States with high individual income tax such as Hawaii, and New York.
By: Mohsen alabdulwahab
D. Inheritance Tax
E. Capital gains Tax
Source: Bonsor, Kevin. (2001). (p.2).
** New York has the highest state collections in America.