Public Policy-Taxation in the United States and Systems of Taxation Worldwide
Tax systems in the United States are imposed at both the state and federal levels. Individuals and corporations net income is also a subject of taxes by local, federal and state governments. The United States have the most progressive tax system among the industrialized countries. Rules governing the tax systems among the state differ from the federal rules. Federal taxes rates range from 10 percent to 39.6 percent of the taxable income (Giovannini, Hubbard, & Slemrod, 2007).
The nation also taxes its nonre