Direct taxes are levied directly on the taxpayer's income or wealth, such as income tax, property tax, and wealth tax.

A tax return is a document filed with the tax authorities to report income and expenses, calculate tax liability, and claim tax refunds.

A tax deduction reduces taxable income, while a tax credit directly reduces tax liability. A deduction is claimed on the tax return, while a credit is claimed on the tax bill.

Payroll tax is a type of social security tax, not a type of federal income tax.

A tax audit is conducted by the tax authorities to verify the accuracy of a tax return, identify potential tax fraud, and ensure compliance with tax laws.

The highest marginal income tax rate in the United States is 37%.

Political organizations are not tax-exempt organizations.

A tax treaty is an agreement between two or more countries to avoid double taxation, promote international trade, and facilitate the exchange of tax information.

The statute of limitations for filing a tax return is generally 3 years from the due date of the return.

The penalty for filing a late tax return is generally a fine.

A tax lien is a legal claim against property to secure payment of a tax debt, while a tax levy is the seizure of property to satisfy a tax debt. A tax lien can be released by paying the tax debt, while a tax levy cannot.

A tax amnesty program is designed to encourage taxpayers to come forward and pay their taxes, reduce the number of tax audits, and increase tax revenue.

Tax evasion is illegal, while tax avoidance is legal. Tax evasion involves intentionally misrepresenting or omitting information on a tax return, while tax avoidance involves using legal loopholes to reduce tax liability. Tax evasion can result in criminal penalties, while tax avoidance does not.

A tax increment financing (TIF) district is a designated area in which tax revenue is used to finance public infrastructure projects and provide tax breaks to businesses in order to promote economic development.

A progressive tax has a higher tax rate for higher incomes, while a regressive tax has a higher tax rate for lower incomes. A progressive tax is generally considered more公平, while a regressive tax is considered less公平. A progressive tax is also generally considered more efficient, while a regressive tax is considered less efficient.