26 C.F.R. § 1.1-1 Income Tax On Individuals
Library | Code of Federal Regulations |
Edition | 2021 Edition |
Currency | Current through February 28, 2022 |
(a)
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(1) Section 1 of the Code
imposes an income tax on the income of every individual who is a citizen or
resident of the United States and, to the extent provided by section 871(b) or
877(b), on the income of a nonresident alien individual. For optional tax in
the case of taxpayers with adjusted gross income of less than $10,000 (less
than $5,000 for taxable years beginning before January 1, 1970) see section 3
The tax imposed is upon taxable income (determined by subtracting the allowable
deductions from gross income). The tax is determined in accordance with the
table contained in section 1. See subparagraph (2) of this paragraph for
reference guides to the appropriate table for taxable years beginning on or
after January 1, 1964, and before January 1, 1965, taxable years beginning
after December 31, 1964, and before January 1, 1971, and taxable years
beginning after December 31, 1970. In certain cases credits are allowed against
the amount of the tax. See part IV (section 31 and following), subchapter A
chapter 1 of the Code. In general, the tax is payable upon the basis of returns
rendered by persons liable therefor (subchapter A (sections 6001 and
following), chapter 61 of the Code) or at the source of the income by
withholding. For the computation of tax in the case of a joint return of a
husband and wife, or a return of a surviving spouse, for taxable years
beginning before January 1, 1971, see section 2. The computation of tax in such
a case for taxable years beginning after December 31, 1970, is determined in
accordance with the table contained in section 1(a) as amended by the Tax
Reform Act of 1969. For other rates of tax on individuals, see section 5(a)
For the imposition of an additional tax for the calendar years 1968, 1969, and
1970, see section 51(a).
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(2)
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