Section 4
Taxes
Book
Version 13
By Boundless
By Boundless
Boundless Political Science
Political Science
by Boundless
3 concepts
![Thumbnail](../../../../../../figures.boundless-cdn.com/11169/square/-gdp-percentage-2875-05-29.jpeg)
The Federal Tax System
The United States is a federal republic with autonomous state and local governments with taxes imposed at each level.
![Thumbnail](../../../../../../figures.boundless-cdn.com/31245/square/e-taxes-out-of-total-taxes.jpeg)
Federal Income Tax Rates
Federal income tax is levied on the income of individuals or businesses, which is the total income minus allowable deductions.
![Thumbnail](../../../../../../figures.boundless-cdn.com/11331/square/e-taxes-out-of-total-taxes.jpeg)
Tax Loopholes and Lowered Taxes
Tax evasion is the term for efforts by individuals, corporations, trusts and other entities to evade taxes by illegal means.