Jun

22

Federal income tax in US

Filed Under Finance General 


The federal government of US makes money with the help of the income taxes from individuals. The federal income tax by the US government is levied on the income of the US citizens worldwide. This is also charged on the aliens who are residents in the country and also on some non-resident US citizens. The Commissioner of the Internal Revenue collects the taxes through his office. The law of taxation is enforced through property seizing and collecting the income of non-payers or by prosecution policies. This was established by the tax law introduced in the year 1862. The role of commissioner and his powers remain the same even today in the country.

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