Tell me about us taxation

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US taxation refers to the system of laws and regulations that govern how individuals and businesses are taxed in the United States.

US taxation is based on a progressive tax system, where higher income earners are taxed at a higher rate.
There are various types of taxes in the US, including income tax, payroll tax, sales tax, and property tax.
Taxpayers are required to file tax returns annually to report their income and calculate the amount of tax owed.
The Internal Revenue Service (IRS) is the federal agency responsible for enforcing tax laws and collecting taxes.
Tax deductions and credits can help reduce the amount of tax owed by individuals and businesses.
Tax planning and compliance are important aspects of US taxation to ensure that taxpayers meet their obligations and minimize tax liabilities.

Top HR questions asked in Global Tax Solutions US Taxation Analyst