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The income tax system of the United States is a progressive tax system for individual taxpayers....

The income tax system of the United States is a progressive tax system for individual taxpayers. Whereas corporations pay a flat 21% (proportional income tax system). What surprised you about the tax system in the United States? What experience, if any, do you have with taxation in the United States? As adults, I am sure you are subject to some of the taxes mentioned in the chapter. Lastly, in two or three sentences, discuss any tax-related issue currently in the news.

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United States economy has a progressive tax regime as progressive tax would be leading to higher tax for those individuals who are making high amount of money in the economy and businesses are taxed with fair 21% and there is no increase in their taxation rate if their income is going up, so personal rate of taxation is Harsh than the corporate rate of taxation and we can see larger companies like Amazon are not paying any kind of tax so they are getting a lot of tax advantages even after they are making a lot of money so these are irrational and uneven tax regime as it is putting load j on a lot of individuals and relieving of corporates.

I am surprised about the the higher taxation for the individuals that the corporations even more of the corporations are not increasing in feeling of any taxes. Hands in the long run it can lead to a UN sustainable development of the economy.

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