what is the current income tax rate in america
Income tax in the United States The rate of tax at the federal level is graduated; that is, the tax rates on higher amounts of income are higher than on lower amounts. Some states and localities impose an income tax at a graduated rate, and some at a flat rate on all taxable income. Federal tax rates in 2013 varied from 10% to 39.6%.[4]
State income tax Nine U.S. states do not level a broad-based individual income tax. Some of these do tax certain forms of personal income:
President of the United States Donald Trump of New York is the 45th and current president. He assumed office on January 20, 2017.
Taxation in the United States The United States imposes tariffs or customs duties on the import of many types of goods from many jurisdictions. These tariffs or duties must be paid before the goods can be legally imported. Rates of duty vary from 0% to more than 20%, based on the particular goods and country of origin.