By Zachary Stieber The IRS will be audited by the Department of Government Efficiency (DOGE), President Donald Trump said on Feb. 13. “The Internal Revenue Service will be looked at like everybody else,” Trump told reporters at the White House in Washington. He said that just about every federal agency will be examined by DOGE, […]
Tag: Income Tax
An income tax is a tax imposed on individuals or entities that varies with respective income or profits. Income tax generally is computed as the product of a tax rate times taxable income. Taxation rates may vary by type or characteristics of the taxpayer. The tax rate may increase as taxable income increases.
Posted inNational News