Tax Collection

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The Treasury secretary is one of the most powerful positions in the U.S. federal government.

Reliance on an income tax versus a consumption tax is one big difference between U.S. revenue sources and those of other countries. Learn the...

Sovereign default is the failure of a government to repay its country's debts. Foreign lenders have little chance of recouping their money when a...

A consumption tax is a tax on the purchase of a good or service; or a system taxing people on how much they consume...