Who runs the federal tax system, and how do they operate?
Question:
Who runs the federal tax system, and how do they operate?
Tax System:
Taxation is the amount or a percentage we can say which is charged by the government on any individual or entity. Tax system in U.S. comprises of three categories: Regressive tax, Proportional tax and Progressive tax. Taxation is concept which is normally charged on taxpayers earnings.
Answer and Explanation: 1
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View this answerThe Internal Revenue Service (IRS) manages and implements U.S. federal tax laws.
The IRS is the system which is accountable for collection of taxes...
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Chapter 3 / Lesson 2The Federal tax system has different tools in order to make sure the various stakeholders and taxpayers comply with rules and mandates. Learn more about tax filing, audits, and how these methods regulate the tax world.