About: Tax ladder

Facets (new session)
Description
Metadata
Settings
- Rule:
- Inverse Functional Properties:
- "Same As":

About: Tax ladder Goto Sponge NotDistinct Permalink

An Entity of Type : owl:Thing, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)
QRcode icon

http://dbpedia.demo.openlinksw.com/c/73vAbuTsZE

Tax ladder is a term sometimes used to refer to the formula for calculating a taxpayer's tax liability in a given year for United States federal personal income tax purposes. The term "ladder" is used because as your taxable income increases, you "climb" the ladder and your tax rate increases.

Attributes	Values
rdfs:label	Tax ladder (en)
rdfs:comment	Tax ladder is a term sometimes used to refer to the formula for calculating a taxpayer's tax liability in a given year for United States federal personal income tax purposes. The term "ladder" is used because as your taxable income increases, you "climb" the ladder and your tax rate increases. (en)
dcterms:subject	Taxation in the United States
Wikipage page ID	13910822 (xsd:integer)
Wikipage revision ID	994386752 (xsd:integer)
Link from a Wikipage to another Wikipage	Debits and credits Inflation Internal Revenue Code Itemized deductions Taxation in the United States Alternative Minimum Tax Taxable income Adjusted gross income Standard deduction Gross income Rate schedule (federal income tax) Tax rate Above the line deduction United States Federal Income Tax Personal Exemption
sameAs	Tax ladder Tax ladder Tax ladder
dbp:wikiPageUsesTemplate	dbt:Orphan dbt:Reflist
has abstract	Tax ladder is a term sometimes used to refer to the formula for calculating a taxpayer's tax liability in a given year for United States federal personal income tax purposes. The term "ladder" is used because as your taxable income increases, you "climb" the ladder and your tax rate increases. The formula begins with the taxpayer's gross income, as defined by the Internal Revenue Code § 61(a). From gross income, the taxpayer may subtract the amount of any deductions listed in § 62(a) ("above the line deductions") to arrive at an adjusted gross income. The taxpayer then subtracts the appropriate amount for personal exemptions under § 151(d)(1) (as adjusted annually for inflation under § 151(d)(4)). Finally, the taxpayer subtracts either the appropriate standard deduction under § 63(c) or the total of itemized deductions under § 63(d) to arrive at the taxpayer's taxable income for that tax year. Taxable income serves as the base against which the taxpayer's tax rate is applied. After multiplying taxable income by the tax rate, the taxpayer may subtract the amount of any credits, then must add any additions to tax (such as the Alternative Minimum Tax). This calculation results in the taxpayer's tax liability, which is the actual amount the taxpayer owes for that tax year. (en)
gold:hypernym	Term
prov:wasDerivedFrom	wikipedia-en:Tax_ladder?oldid=994386752&ns=0
page length (characters) of wiki page	2128 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Tax_ladder
is foaf:primaryTopic of	wikipedia-en:Tax_ladder

Faceted Search & Find service v1.17_git147 as of Sep 06 2024

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 08.03.3332 as of Dec 5 2024, on Linux (x86_64-generic-linux-glibc212), Single-Server Edition (378 GB total memory, 61 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software