Supposedly, he and his troops drank it after defeating the Prussian army in 1809. Wine Snobs, Thereâs a Beer for You Jordan Salcito April 4, 2014. Prussian militarism was unlovely, to be sure, but the Kaiser was no FÃ¼hrer. The Utterly Pointless First World War Michael F. Bishop May 21, 2013. The whole purpose was to create this idea that there was this Prussian juggernaut.
Officially known as the wage base limit, the threshold changes every year. For 2015, the maximum amount of earnings subject to tax is $118,500. You pay no taxes on any income earned beyond that amount. Next up: Certain religious groups.
According to the Tax Policy Center, 43.3 percent of American households paid no federal income tax in 2013, a percentage that may sound alarming. But income tax is not the entire story. There are other ways the ultra-wealthy can reduce or avoid federal income taxes, including the use of certain trusts that will pay the income tax and pass on the assets to future generations, Knoll says.