as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain the purpose of the current us federal income tax system.
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the purpose of the current us federal income tax system is to generate revenue for the government and to redistribute income, helping to provide essential government services and to reduce inequality.
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