The
United States of America is a
federal republic with separate
state and local governments.
Taxes are imposed in the United States at each of these levels. These include taxes on income, payroll, property, sales, capital gains, dividends, imports, estates and gifts, as well as various fees. In 2010 taxes collected by federal, state and municipal governments amounted to 24.8% of
GDP. In the
OECD, only
Chile and
Mexico taxed less as a share of GDP. The United States also has one of the most
progressive tax systems in the industrialized world.