Most individual U.S. states collect a state income tax in addition to federal income tax. The two are separate entities. Some local governments also impose an income tax, often based on state income tax calculations. Forty-three states and many localities in the United States may impose an income tax on individuals. Forty-seven states and many localities impose a tax on the income of corporations.[1]
State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. The rates vary by state. Taxable income conforms closely to federal taxable income in most states, with limited modifications.[2] The states are prohibited from taxing income from federal bonds or other obligations. Most do not tax Social Security benefits or interest income from obligations of that state. Several states require different useful lives and methods be used by businesses in computing the deduction for depreciation. Many states allow a standard deduction or some form of itemized deductions. States allow a variety of tax credits in computing tax.
Each state administers its own tax system. Many states also administer the tax return and collection process for localities within the state that impose income tax.
State income tax is allowed as a deduction in computing federal income tax, subject to limitations for individuals.
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<span>Culture,History,Religion,Nationality,Territory ,and Language </span>
Answer: The British response to the Boston Tea Party was to impose even more stringent policies on the Massachusetts colony. The Coercive Acts levied fines for the destroyed tea, sent British troops to Boston, and rewrote the colonial charter of Massachusetts, giving broadly expanded powers to the royally appointed governor.
Explanation:
Answer: Interestingly enough, there has always been a Wilsonian strain in American foreign policy, an idealistic belief in self-determination, and in some ways it was suppressed during the Cold War ”1 Thus, contrary to President Wilson’s ideas and the public opinion of the early 1900s, war still exists and will continue to exist. However, the objectives, or at least the public’s perceptions of American foreign policy, have taken on a new role. Americans have typically been idealists. Idealism has been present in the American mindset from its founding days and to an extent in American foreign policy; however, under President Wilson’s leadership, idealism took on an expanded role in American foreign policy.
Woodrow Wilson said on the eve of his inauguration “that his primary interests were in domestic reform and that it would be ‘the irony of fate’ if he should be compelled to concentrate on foreign affairs.”2 Fate would have it that President Wilson would lead the United States through the greatest war the world had ever seen. Although Wilson had limited leadership experience in foreign affairs in 1914 when war broke out in Europe, he knew how things should take place.
Explanation:
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