What is main difference between UK taxation and US taxation?
I'm doing ACCA(Associate Chartered Certified Accountant)and it has all about UK taxation laws. I do pretty much know about UK taxation laws but not US.
Taxation best answer:
Answer by Okla State Alum (ITG) # 2!
We have tax brackets in the US based on income. Your percentage of income tax owed ranges from 10%-35% based on your income.
But there are also a slew of various deductions, credits, write-offs, etc that make the whole thing one big confusing mess.
Taxation
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