Income & Estate Tax Series
Basics of US Income Tax Rate Schedule
An explanation of how income is taxed at various income tax rates and how a marginal tax rate affects a taxpayer.
Estate Tax Introduction
What an estate tax is and how it is calculated.
Calculating State Taxes and Take-Home Pay
How to calculated take-home pay after deducting state income tax.
Tax Deductions Introduction
What a tax deduction is, common misconceptions, and the difference between a deduction and a tax credit.
Tax Brackets and Progressive Taxation
How tax brackets work for higher levels of income on an incremental basis.
Alternative Minimum Tax (AMT)
How the Alternative Minimum Tax works in general and why it’s in the tax code at all.
Calculating Federal Taxes and Take-Home Pay
How the standard deduction and personal exemptions impact a person’s federal taxable income.
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