United States Tax Law

The United States tax law is a system of law that is codified in order to describe government levies regarding economic transactions, which are more commonly known as taxes. In the United States, taxation is a complex system that may actually involve payments of at least four different levels of government. The system of taxation in the United States also involves many other methods of taxation. The tax laws of the United States of America protects and legalizes all taxation duties that all levels of government have to accomplish, all under regulation of the law.

Taxation in the United States includes the local government. United States tax laws may even include one or more municipal government, township government, district government, and country governments. It is also possible to have regional entities included. These regional entities include schools and utility, as well as transit districts. They may also include state and federal government.

It has been concluded by the National Bureau of Economic Research that the combined federal, state, as well as local government's average marginal tax rate for a majority of workers is around 40% of the income. The Tax Foundation also concludes that the governments at different levels will be collecting approximately 30.8% of the entire country's income during the past year.