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This question is far too expansive to cover in any accurate way. There is a reason why tax lawyers and Accountants have such difficult jobs, the US Tax Code (as well as the tax codes in most jurisdictions) are infamously complex. There are general things that we can say about taxes, though, in the US:

  1. Taxes can be leveled by any level of government, be it federal, state, or municipal.
  2. Taxes in the US are generally applied in a progressive direction, e.g. those who have more wealth are paying a higher percentage of that wealth in taxes, in addition to a higher numerical value.
  3. Taxes are applied to almost all non-governmental transfers of money, such as income, sales, real property ownership, transfers of assets to non-family members, services rendered, etc.
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8y ago
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13y ago

It depends on your income and filing status. See chart at the related link provided below.

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Q: What is the current tax rate in the US?
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