Understanding USA Tax Policies
The United States tax system is based on a progressive tax structure , meaning individuals and businesses pay taxes based on their income level. Taxes are collected at the federal, state, and local levels , funding government programs such as infrastructure, healthcare, defense, and education. 1. Federal Income Tax The Internal Revenue Service (IRS) oversees federal tax collection. The U.S. has a graduated tax bracket system , where higher incomes are taxed at higher rates. As of 2024, tax brackets range from 10% to 37% , depending on income and filing status ( single, married, or head of household ). Some important Articles: https://turbotaxhelp.gorgias.help/en-US/install-turbotax-2023-with-license-code-1163918 https://turbotaxhelp.gorgias.help/en-US/install-turbotax-2023-with-license-code-1163918 https://turbotaxhelp.gorgias.help/en-US/download-turbotax-2023-already-paid-1164080 https://turbotaxhelp.gorgias.help/en-US/install-turbotax-2025-with-license-code-1164122 https://...