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The first tax that was introduced in the U.S. was the estate tax, adopted back in 1797. But as we can see, the U.S. tax system is still in a "living" state: constantly changing and reforming. In addition, many experts consider it to be overly complicated and overregulated.

Mariam Bradtke

Tax manger, Blogger

"Taxes are the price of civility in society," is written on the facade of the Internal Revenue Service building of the United States Department of the Treasury. The U.S. tax system is designed to tax the worldwide income of U.S. residents, citizens, and corporations, as well as the income sources of non-U.S. residents in the United States. The U.S. tax system is tasked with maintaining a competitive environment, protecting the interests of the middle class and a fair distribution of national income for the vast majority of Americans, and encouraging the development of small and medium businesses. The U.S. always reserves the right to tax its citizens and residents according to its domestic tax laws, including in some cases former U.S. citizens

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Mariam Bradtke
Phone: (806) 967-8915
Mail: [email protected]

The United States does not have a federal property tax, but most states levy property taxes on both commercial and residential property owners based on the value of the property. The tax is usually levied at the municipality or state level.

But while at the federal level there is a progressive scale of tax rates and the tax burden, by and large, falls on the wealthiest taxpayers, the local deductions are either distributed equally among the citizens or are regressive in nature.

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