A tax bracket is a range of income that is taxed at a specific rate in a progressive tax system.
When a country fails to pay its debt, it affects everything, from markets to public services and ordinary life.
There are 50 states in total in the US. Out of these, 44 states have laid out their laws through provisions in the state constitutions in a similar format as the Second Amendment of the US Constitution.
The US Federal Reserve was established in December 1913. It was set up under the Federal Reserve Act with an aim to present a solution to financial downs, especially in 1907, in the US market.
NATO was created after World War II when Western countries, led by the United States, wanted to protect themselves against the Soviet Union and prevent the spread of communism in Europe.
The words “Equal Justice Under Law”, written above the main entrance of the US Supreme Court building in Washington, DC, epitomise what it stands for.
Healthcare costs in the US are among the highest globally, driven by expensive treatments, prescription drugs, and administrative costs.
The US dollar was not always the world’s strongest or dominant currency. But its rise to global prominence was gradual and shaped by historical events
The US federal budget outlines how the government allocates funds each year to support public programmes, services and debt obligations.
The Social Security system was established on August 14, 1935, when President Franklin D. Roosevelt signed the Social Security Act into law.
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