Depending on your income range, you will be taxed according to one of the tax brackets that exist today in the income tax system. Does it pay to work hard and get ahead, or will Uncle Sam just take anything extra that you earn? Take our quiz and find out whether ambition pays in light of today's tax reality.
A _____ is a range of incomes taxed at a specific rate.
Tax brackets are components of _______ income tax system.
Which of the following tax systems would tax all taxpayers at the same rate?
the Ralph Nader tax
the flat tax
the round tax
What is your income tax filing status if you are single and living alone without any dependents?
head of household
How many tax brackets are there for each filing status in the United States income tax system?
Which tax rate do you actually pay to the Internal Revenue Service?
your effective tax rate
your ineffective tax rate
your progressive tax rate
The first United States income tax was established in:
Federal income tax as we know it has been in place since:
How many tax brackets were there during the Great Depression?
The Economic Recovery Tax Cut of 1981 _____ tax rates.