3 concepts
The Federal Tax System
The United States is a federal republic with autonomous state and local governments with taxes imposed at each level.
Federal Income Tax Rates
Federal income tax is levied on the income of individuals or businesses, which is the total income minus allowable deductions.
Tax Loopholes and Lowered Taxes
Tax evasion is the term for efforts by individuals, corporations, trusts and other entities to evade taxes by illegal means.