federal income

Which Type Of Taxes Are Collected By Both The Federal And State Governments?

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Which Type Of Taxes Are Collected By Both The Federal And State Governments? Payroll taxes are imposed by the federal and all state governments. These include Social Security and Medicare taxes imposed on both employers and employees, at a combined rate of 15.3% (13.3% for 2011 and 2012). Social Security tax applies only to the

What Federal Funding Does Texas Receive?

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What Federal Funding Does Texas Receive? What federal funding does Texas receive? Texans sent the federal government $261 billion in taxes in 2016, and the state government received $39.5 billion in grants in return, or about 15 percent of our total federal tax tab. Those grants were the state’s second-largest revenue source, providing more than