USA Income Tax: A Helpful Guide of the Income Tax in the United States
May 7, 2023
Every United States business operating in the global economy must be aware of the differences between international and U.S. accounting practices. All businesses around the globe need to accurately report their assets, liabilities, and expenditures in order for potential investors, creditors, and other stakeholders to assess their financial health.
US income taxes represent a significant source of revenue, but local governments receive relatively low revenues from them. Because only 12 states allowed local governments to impose an individual US income tax or payroll tax, the percentage of local government revenue from individual income taxes… read more
