Tax Rates
The current corporate tax rate.
What is 21%?
If you’re lucky enough to win this, you might need to pay taxes on your prize.
What is the lottery?
In this 2013 film, Leonardo DiCaprio portrays a stockbroker who faces a federal investigation for securities fraud, tax evasion, and other criminal activities.
What is "Wolf of Wall Street"?
This term refers to a legal process in which the assets of a deceased person are distributed according to their will or state laws, and any outstanding debts, including taxes, are settled.
What is probate?
This U.S. tax was established in 1935 to provide a safety net for retired workers, and the tax rate for it is split between employees and employers.
What is Social Security tax?
Amount of the Child Tax Credit for 2024.
What is $2,000?
This 2016 film stars Ben Affleck as a math genius with a dark past, who uses his accounting skills to help criminal organizations while evading the law.
What is "The Accountant"?
This U.S. president famously said, "In this world, nothing is certain except death and taxes."
Who is Benjamin Franklin?
This tax, imposed on the net investment income of high-income earners, was introduced under the Affordable Care Act and is set at 3.8%.
What is the Net Investment Income Tax (NIIT)?
A Graduated Rate Estate is one that arises as the result of the death of an individual on or after December 31, 2015 and no more than this many months after the individual's death.
What is 36 months?
In this 2002 movie produced by Steven Spielberg the main character is wanted for: tax evasion, auto larceny, theft, forgery, and fraud.
What is "Catch Me If You Can"?
This U.S. tax law, enacted in 1913, reinstated the federal income tax after a long absence.
What is the 16th Amendment?
When you sell your home for a profit, this tax might apply, but if you’re lucky and meet the requirements, you could avoid paying it altogether.
What is the capital gains tax?
The highest tax bracket in the US and when it changed.
What is 37% as of 2018?
In this 1987 film starring Kevin Costner and Robert De Niro, Eliot Ness teams up with accountant Oscar Wallace to bring down Al Capone.
What is "The Untouchables"?
In 2018, the U.S. Tax Cuts and Jobs Act doubled the exemption amount for this tax, which affects estates valued over a certain threshold.
What is the estate tax exemption?
the decrease in the top income tax rate from 2017-2018.
What is 2.6%?
This lesser-known credit can help you save money if you’re working on that post graduate degree, or taking courses to further your career.
What is the Lifetime Learning Credit?
In this 2006 film, Will Ferrell plays an IRS agent who begins to question his reality when he discovers that he's the main character in a novel.
What is "Stanger than Fiction"?
This U.S. president signed the Revenue Act of 1916, which increased federal income tax rates and established the foundation for modern income tax law in the United States.
Who is Woodrow Wilson?