Basic Provisions of Section 1
Section 1 imposes the Federal income tax on the "taxable income" of individuals (mainly in subsections (a) through (d)) and on the taxable income of certain estates and trusts (subsection e)).
For individuals, section 1 divides income earners into categories depending on whether they are married individuals filing jointly, married individuals filing separately, unmarried individuals, surviving spouses, or heads of households. Section 1 sets forth the formula for what amount of taxable income must be paid to the United States.
As currently worded (in mid-2006), subsections (a) through (d) actually list the tax rate schedules for the year 1993. Based in part on the provisions of subsections (f) and (i), the tax rate schedules for 1994 and subsequent years (reflecting, among other things, tax rate changes and cost of living adjustments) are promulgated by the Internal Revenue Service. In other words, the official tax rate schedules for years 1994 and thereafter are not found in the text of section 1 itself.
Read more about this topic: Internal Revenue Code Section 1
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