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- Taxation is the imposition of compulsory levies on individuals or entities by governments in almost every country of the world. Taxation is used primarily to raise revenue for government expenditures, though it can serve other purposes as well.www.britannica.com/money/taxation
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Taxation in the United States - Wikipedia
The U.S. income tax system imposes a tax based on income on individuals, corporations, estates, and trusts. The tax is taxable income, as defined, times a specified tax rate. This tax may be reduced by credits, some of which may be refunded if they exceed the tax calculated. See more
The United States has separate federal, state, and local governments with taxes imposed at each of these levels. Taxes are levied on income, … See more
Taxes may be imposed on individuals (natural persons), business entities, estates, trusts, or other forms of organization. Taxes … See more
Individuals and corporations pay U.S. federal income tax on the net total of all their capital gains. The tax rate depends on both the investor's tax bracket and the amount of time the … See more
Sales and use tax
There is no federal sales or use tax in the United States. All but five states impose sales and use taxes on retail sale, lease and rental of many goods, as well as some services. Many cities, counties, transit authorities and … See moreThe U.S. has an assortment of federal, state, local, and special-purpose governmental jurisdictions. Each imposes taxes to fully or partly fund its operations. These taxes may … See more
Taxes based on income are imposed at the federal, most state, and some local levels within the United States. The tax systems within … See more
In the United States, payroll taxes are assessed by the federal government, many states, the District of Columbia, and numerous cities. … See more
Wikipedia text under CC-BY-SA license Income tax in the United States - Wikipedia
WebIncome tax is also levied by most U.S. states and many localities on individuals, corporations, estates, and trusts. These taxes are in addition to federal income tax and are deductible for federal tax purposes. State and …
Taxation | Definition, Purpose, Importance, & Types | Britannica …
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History of the US Federal Tax System - The Balance
WebMar 3, 2023 · By Beverly Bird. Updated on March 3, 2023. Reviewed by David Kindness. Fact checked by Hilarey Gould. In This Article. View All. Photo: Mark Wilson / Getty Images. From colonial days to present day, …
Income tax in the United States - Simple English Wikipedia, the …
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Taxation | Definition, Purpose, Importance, & Types | Britannica …
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