The term "community property" describes how a married couple's assets are treated under the law in certain states in the United States. In a marriage, both partners share equally in the breadwinner's earnings and the ownership of all tangible and intangible assets acquired by either partner during the marriage.

It's probably fair to assume that paying taxes is hardly anyone's idea of a good time. There have been several changes in the tax rate that applies to federal income. At various points in its history, the federal government of the United States has collected a significant amount of money from the nation's citizens. These times range from before the ink on the Declaration of Independence had even had a chance to dry until President Ronald Reagan entered office.

We are here to assist you in navigating the waters of your finances. To achieve this goal, we keep track of the queries about money that are most often searched for on Google so that we can understand what is on your mind.

The U.S. tax system is indeed progressive. The more you earn, the higher percentage of your earnings that the IRS is taxing. However, that's only the black-and-white version of the equation; there are numerous gray areas.