US tax structure

In the U.S.A. There are three main levels of income taxes: Federal, State and Local. The Federal income taxes are paid by everybody in the country, and their basic structure for personal and corporations are reported hereafter.

The State Income Taxes are very different from State to State, as you can see from the following table. We would like you to note that Nevada has NO state tax on the personal or corporate incomes.

2004 Federal personal income tax rates
2004 Corporate income tax rates
2005 Corporate state income tax
2005 Personal state income tax

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