United States federal tax system

E541038

public finance system tax system

The United States federal tax system is the national framework of laws, regulations, and administrative mechanisms through which the federal government raises revenue from individuals, businesses, and other entities.

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Observed surface forms (1)

Surface form	Occurrences
United States federal tax history	1

Statements (63)

Predicate	Object
instanceOf	public finance system ⓘ tax system ⓘ
administeredBy	Internal Revenue Service NERFINISHED ⓘ U.S. Department of the Treasury NERFINISHED ⓘ
authorizedBy	Sixteenth Amendment to the United States Constitution NERFINISHED ⓘ
country	United States of America ⓘ
enforcedBy	IRS audits ⓘ civil penalties ⓘ criminal penalties ⓘ tax liens ⓘ wage garnishment ⓘ
feature	estimated tax payment requirements for non-wage income ⓘ information reporting by third parties ⓘ pay-as-you-go withholding system for wages ⓘ progressive marginal tax rates on individual income ⓘ self-assessment of tax liability ⓘ tax credits ⓘ tax deductions ⓘ tax exemptions ⓘ tax-deferred retirement accounts ⓘ worldwide taxation of U.S. citizens and residents (with some exclusions and credits) ⓘ
governedBy	Internal Revenue Code Section 1 NERFINISHED ⓘ Internal Revenue Code Section 61 NERFINISHED ⓘ Internal Revenue Code Subtitle A NERFINISHED ⓘ Internal Revenue Code Subtitle B NERFINISHED ⓘ Internal Revenue Code Subtitle C NERFINISHED ⓘ Internal Revenue Code Subtitle D NERFINISHED ⓘ Internal Revenue Code Subtitle F NERFINISHED ⓘ
includesFilingRequirement	Form 1040 for individual income tax returns NERFINISHED ⓘ Form 1065 for partnership returns NERFINISHED ⓘ Form 1099 series for information reporting NERFINISHED ⓘ Form 1120 for corporate income tax returns NERFINISHED ⓘ Form 941 for employer payroll tax returns NERFINISHED ⓘ Form W-2 for wage reporting NERFINISHED ⓘ
includesTaxType	Medicare tax NERFINISHED ⓘ Social Security tax ⓘ alternative minimum tax ⓘ capital gains tax ⓘ corporate income tax ⓘ estate tax ⓘ excise tax ⓘ gift tax ⓘ individual income tax ⓘ payroll tax ⓘ self-employment tax ⓘ withholding tax ⓘ
legalBasis	Internal Revenue Code NERFINISHED ⓘ Title 26 of the United States Code NERFINISHED ⓘ U.S. Constitution NERFINISHED ⓘ
oversightBy	Joint Committee on Taxation NERFINISHED ⓘ United States Congress NERFINISHED ⓘ
policyGoal	influence economic behavior through incentives and disincentives ⓘ raise revenue for federal expenditures ⓘ redistribute income through progressive taxation and credits ⓘ
primaryRevenueSourceFor	federal government of the United States NERFINISHED ⓘ
revenueUsedFor	Medicare and Medicaid NERFINISHED ⓘ Social Security benefits NERFINISHED ⓘ defense spending ⓘ federal education programs ⓘ federal infrastructure ⓘ interest on the national debt ⓘ
subjectTo	interpretation by the U.S. Tax Court ⓘ judicial review by U.S. federal courts ⓘ

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Form 944 → appliesIn → United States federal tax system ⓘ

Douglas Shulman → jurisdiction → United States federal tax system ⓘ

Revenue Act of 1932 → partOf → United States federal tax system ⓘ

this entity surface form: United States federal tax history

Revenue Act of 1942 → partOf → United States federal tax system ⓘ