What were the tax rates in 2015?

IRS Releases the 2015 Tax Brackets

Who might bear the burden of a tax?

The tax incidence depends on the relative price elasticity of supply and demand. When supply is more elastic than demand, buyers bear most of the tax burden. When demand is more elastic than supply, producers bear most of the cost of the tax. Tax revenue is larger the more inelastic the demand and supply are.

What was the dividend tax rate in 2015?

The rate for most long-term capital gains was reduced from 20 percent to 15 percent; further, quali- fied dividends were taxed at this same 15-percent rate. Beginning in 2004, the Working Families Tax Relief Act increased the additional child tax credit refundable rate from 10 percent to 15 percent.

Who bears the burden of luxury taxes?

buyer
Now the only ones that pay the tax are those few who can afford these goods. Luxury taxes generally fall into two categories: So-called “sin taxes” are imposed on products like cigarettes and liquor and are paid by every buyer, regardless of income. Anyone who objects can just stop buying it.

Is there a tax on the bushiest of beards?

The proposal, a £100 tax on the bushiest of beards, with a reduced £50 fee for those with more modest growth, has a historical basis. According to the Worcester News, Kent discovered tales of Henry VIII’s 16th-century tax levied on the bearded men of England, and inspiration struck.

What did bearded men need to do to pay taxes?

To verify that a bearded man had paid his tax and did not need to be forcibly shaved (and yes, noncompliant men were forcibly shaved ) “beard tokens” were minted and given as proof that the tax had been paid.

When did Peter’s Beard Tax end in New Jersey?

Peter’s beard tax was abolished in 1772, ending the world’s most ambitious regulation of facial hair. But Kent is not the first person to unearth the concept. In 2014, Dr. Alun Withey discovered evidence that a New Jersey state legislator attempted to introduce a graduated beard tax.

Why was the beard tax unpopular in Russia?

Unsurprisingly, the beard tax proved to be quite unpopular, especially among the Russian gentry, given their penchant for traditionalist views. More importantly, the Russian Orthodox Church was a massive supporter of facial hair, as exemplified by a particular statement supposedly put forth by none other than Ivan the Terrible (1530-1584) –