Taxes
Taxes are a form of profit used by many governments around the world to raise capital for public-related services. Yet, not all countries use taxes as their sole source of income. Some, with a blessing of natural resources, use these to raise funding for governmental offices, and services. The Athenians used this revenue to fund their public services. In the Middle Ages, serfs paid rent, and nobility paid off government deputies to miss drafts for war, and both of these forms of profit provided governments with a stock of money. The articles included herein provide information about taxes, tax planning, tax preparation, income tax filing, forms, deductions, return and more.
GOP Tax Plan Targets Itemized Deductions
A new GOP tax plan would target itemized deductions, including the popular mortgage interest deduction – the concern, however, is that the housing market will plummet further if the tax incentive is removed from the equation.
Herman Cain Admits Delinquent Tax Payments from 2006
Herman Cain's campaign acknowledged that the GOP presidential hopeful failed to pay Georgia state income taxes in 2006 while he was undergoing intensive treatment for cancer.
Lies and Twisted Facts the Name of the Obama Game
President Obama is lying to you about taxes, but hoping that you’re angry enough about the economy to blame "rich people" for your woes instead of him – if Americans are as stupid as they appear, the ploy may just work.
Obama Continues to Berate Republicans for Not Compromising
President Obama ran on a platform of change, but three years in and it’s business as usual in DC, something Republicans in the House of Representatives are finally trying to correct.
Governor Wants Wealthy to Pay "Fair Share," Shelters Own Wealth
The governor of Minnesota wants to raise taxes on "rich" Minnesotans, all the while keeping his own trust fund in South Dakota to avoid the higher state taxes in his home state.
Obama Rails Against Corporate Jets, and His Own Stimulus Program
The president is pitting rich versus poor and corporate jet owners versus children in his latest speeches, but he hasn’t pointed out that the corporate jet tax break was part of his own stimulus package and was voted for by a total of 3 GOP members of Congress.
Regressive Tax
Field of taxation employs several taxation systems to collect taxes. Regressive tax is one of the system of tax collection. In the following article, a brief yet, comprehensive elaboration on this taxation system has been given. Let's have a look...
Carbon Tax
In the following article, a brief elaboration on carbon tax bracket has been provided. The concept of carbon tax is not exactly new, and has been in existence in some nations since the start of 1990s. The carbon tax is an environmental tax which is used as a tool to promote environmentally friendly energy sources. To know more, read on…
Annual Gift Tax Exclusion
In this article, we will take a look at annual gift tax exclusion and the revised lifetime gift tax exclusion...
Taxes on Gifts
The following article, makes a brief elaboration of the taxes on gifts by the IRS. Some of the common terms and conditions of gift taxes have been explained in the following paragraphs. To know more read on...
Capital Gains Tax Rate
Being aware of the capital gains tax rate 2011 is absolutely essential for people of all age groups. This article has information on long term capital gains tax rate. So, continue reading to know more...
Fair Tax Pros and Cons
The following article emphasizes on, some advantages and disadvantages of Fair Tax. Pros and cons are inevitable in any taxation system, and are also almost equal in number, however using the advantages as per the situation is the best way to levy the system. Here's an elaboration…
The Laffer Curve and Taxation in the United States
The Laffer Curve is based on very old economic reasoning, but it was made popular in the 1970s, used as the basis of many supply-side arguments in the 1980s and is oddly relevant again in the modern-day.
Why the Tax Debate is a Waste of Time
The Obama administration and Congressional leaders will spar over tax legislation while the real problem lies in where our current tax dollars are spent.
Tax Planning
Being aware of the tax planning strategies is very essential for all people who have a taxable income. This article on tax planning 2010 will help you to plan your taxes systematically. So, continue reading, to know more...
Is Disability Income Taxable
One common question that several people ask regarding income tax returns is, 'is disability income taxable'. In the following article, some integral aspects of disability income and some of the taxes that are levied on it have been discussed. To know more read on...
What is a VAT Invoice
If you have no clues about what is a VAT invoice, this article will be an insightful read. Here you will find information about, how to write a VAT invoice for trade in any of the European countries.
How to Get a Federal Tax ID Number
Do you want to know how to get a federal tax id number? Read this article and know all that you would need to do.
Is Social Security Taxable
When it comes to social security and taxation, the query 'is social security taxable' is a common one among several citizens. In the following article, some provisions of the concept of social security and the tax exemptions that are granted, have been discussed. To know more, read on...
Taxes on Bonuses
Having knowledge of the federal taxes on bonuses is a must for all employees as well as employers. Let us know more about the payroll taxes on bonuses in this article...
Taxes on Lottery
If you are looking for information about federal taxes on lottery winnings, this article will certainly be a helpful read. Read to know what are the laws regarding taxation in case of lottery winnings in USA.
Claiming Children on Taxes
The following article deals with facts about claiming children on taxes. Different aspects of the process of claiming child tax credit are presented below.
Flat Tax vs Fair Tax
The floor is open for the debate titled 'flat tax vs fair tax'. Read on to know the difference between flat tax and fair tax....
Withholding Allowances
An important method that can be used to lawfully reduce the amount of payable taxes is claiming withholding allowances. The following article is a comprehensive explanation of the provisions of withholding allowances. To know more, read on...
Are Property Taxes Deductible?
As the fiscal year comes to close, taxpayers start hunting for different types of provisions and enactments, with the help of which they can claim and avail a tax deduction. 'Are property taxes deductible', is a frequently asked query which is often left unheeded. To know more about the provisions, read on…
Capital Loss Carryover
The following article is a small elaboration of the concept of capital loss carryover. The carryover and its tax related concepts have also been defined in this article. To know more, read on...
Property Taxes by State
Apart from the conventional income tax that is collected by tax collection agencies, local and regional governments also collect taxes such as the property tax. The following article is a brief elaboration of the concept of property taxes by state governments. To know more, read on...
What is Tax Liability
Governments all across the world levy tax on their citizens in order to raise finances. 'What is tax liability', is a small write-up of the concept of tax. To know more about tax liability, read on...
Taxes on Lottery Winnings
The taxes on lottery winnings can be as high as 50 percent of the total cash amount, and the actual percentage is decided according to the annual income of the winner and the winning amount. To understand more about taxes imposed on lottery winnings, read on...
History of Taxes
Taxes power the government economically, resulting in better infrastructure, medical care, security, education, etc. All through this article, travel through the history of taxes in the United States of America.
Regressive Taxation: What is Regressive Tax System
Taxes like a value-added tax or sales tax on food and other essentials can be a form of regressive taxation, which tends to take up a higher percentage of the budget of a person or family with a lower income. Read on to know what is regressive tax system.
President Challenges GOP to "Get it Done," But Still Wants Taxes
President Obama wants to raise taxes on the people who are creating jobs and technological advancements, and he wants the GOP to agree to his plan to plunder the productive class in the name of his false brand of populism.
Republicans to Obama – No, You Won’t Raise Taxes
Playing at a game of "lie to the masses," the White House is asking "millionaires and billionaires" to pay their "fair share," failing to acknowledge that it would actually lead to a reduction in tax revenue.
Grubbing for Money, States Look to Internet Taxes
State politicians, the money-grubbing, crooked, criminal, junior varsity version of those who really will rob you blind from Washington, DC, are trying a money grab through online retailers, but it appears the retailers are quite content to fight back.
Senate Dems Trying to Eliminate $4.4 Billion Big Oil Tax Break
A big tax break for the oil industry appears relatively small when considering the industry pays more in taxes than any other U.S. industry segment – still, Democrats are trying to turn misguided populism to their advantage by pandering to the masses ahead of the 2012 presidential election.
Obama Deficit Plan is to Cut Spending, Raise Taxes on Wealthy
President Obama announced a plan to cut spending yesterday, and much of his speech sounding like a campaign tour stop.
GE Will Return 3.2 Billion Dollar Tax Refund to U.S. Treasury
GE has announced that the company will return the 3.2 billion dollar tax refund it received for 2010 to the U.S. treasury on April 18.
House Democrats to Reject Tax Plan Without Changes
House Democrats, overusing "eat the rich" rhetoric, have voted to keep a tax bill off the floor for a vote until changes have been made.
Weekend Senate Vote Sets Up Compromise in the Future
The Republican Party voted against extending tax cuts this weekend, but the move was one to ensure that the cuts extend to every income bracket.
GOP Vows to Block New Legislation Until Tax Cuts Extended
Republicans are calling shenanigans on lame duck Democrats and refusing passage of any new bills until tax cuts are extended.
With Piper Demanding to be Paid, Obama Considers Value-Added Tax
The spending spree isn’t even over yet, but it’s now time to start cutting the deficit, which the president has noted may include a new value-added tax similar to that found in many European nations.
Stimulus Plan Now Includes Tax Break for Home Buyers
In what is being viewed as a victory for Republicans, the Obama stimulus plan now includes up to a $15,000 tax credit for home buyers.
New York Governor Wants Tax on Soft Drinks and Music Downloads
New York Governor David Paterson is calling for new taxes on sugary soft drinks as well as any music downloaded from the Internet in an attempt to increase revenues for the state.
Taxpayers to Pay Legal Fees for Fannie Mae and Freddie Mac Executives
Millions of dollars in tax payer money is likely going to be allotted to defend the inevitable lawsuits and criminal prosecutions that are waiting for former mortgage executives at Fannie Mae and Freddie Mac.
A new GOP tax plan would target itemized deductions, including the popular mortgage interest deduction – the concern, however, is that the housing market will plummet further if the tax incentive is removed from the equation.
Herman Cain Admits Delinquent Tax Payments from 2006
Herman Cain's campaign acknowledged that the GOP presidential hopeful failed to pay Georgia state income taxes in 2006 while he was undergoing intensive treatment for cancer.
Lies and Twisted Facts the Name of the Obama Game
President Obama is lying to you about taxes, but hoping that you’re angry enough about the economy to blame "rich people" for your woes instead of him – if Americans are as stupid as they appear, the ploy may just work.
Obama Continues to Berate Republicans for Not Compromising
President Obama ran on a platform of change, but three years in and it’s business as usual in DC, something Republicans in the House of Representatives are finally trying to correct.
Governor Wants Wealthy to Pay "Fair Share," Shelters Own Wealth
The governor of Minnesota wants to raise taxes on "rich" Minnesotans, all the while keeping his own trust fund in South Dakota to avoid the higher state taxes in his home state.
Obama Rails Against Corporate Jets, and His Own Stimulus Program
The president is pitting rich versus poor and corporate jet owners versus children in his latest speeches, but he hasn’t pointed out that the corporate jet tax break was part of his own stimulus package and was voted for by a total of 3 GOP members of Congress.
Regressive Tax
Field of taxation employs several taxation systems to collect taxes. Regressive tax is one of the system of tax collection. In the following article, a brief yet, comprehensive elaboration on this taxation system has been given. Let's have a look...
Carbon Tax
In the following article, a brief elaboration on carbon tax bracket has been provided. The concept of carbon tax is not exactly new, and has been in existence in some nations since the start of 1990s. The carbon tax is an environmental tax which is used as a tool to promote environmentally friendly energy sources. To know more, read on…
Annual Gift Tax Exclusion
In this article, we will take a look at annual gift tax exclusion and the revised lifetime gift tax exclusion...
Taxes on Gifts
The following article, makes a brief elaboration of the taxes on gifts by the IRS. Some of the common terms and conditions of gift taxes have been explained in the following paragraphs. To know more read on...
Capital Gains Tax Rate
Being aware of the capital gains tax rate 2011 is absolutely essential for people of all age groups. This article has information on long term capital gains tax rate. So, continue reading to know more...
Fair Tax Pros and Cons
The following article emphasizes on, some advantages and disadvantages of Fair Tax. Pros and cons are inevitable in any taxation system, and are also almost equal in number, however using the advantages as per the situation is the best way to levy the system. Here's an elaboration…
The Laffer Curve and Taxation in the United States
The Laffer Curve is based on very old economic reasoning, but it was made popular in the 1970s, used as the basis of many supply-side arguments in the 1980s and is oddly relevant again in the modern-day.
Why the Tax Debate is a Waste of Time
The Obama administration and Congressional leaders will spar over tax legislation while the real problem lies in where our current tax dollars are spent.
Tax Planning
Being aware of the tax planning strategies is very essential for all people who have a taxable income. This article on tax planning 2010 will help you to plan your taxes systematically. So, continue reading, to know more...
Is Disability Income Taxable
One common question that several people ask regarding income tax returns is, 'is disability income taxable'. In the following article, some integral aspects of disability income and some of the taxes that are levied on it have been discussed. To know more read on...
What is a VAT Invoice
If you have no clues about what is a VAT invoice, this article will be an insightful read. Here you will find information about, how to write a VAT invoice for trade in any of the European countries.
How to Get a Federal Tax ID Number
Do you want to know how to get a federal tax id number? Read this article and know all that you would need to do.
Is Social Security Taxable
When it comes to social security and taxation, the query 'is social security taxable' is a common one among several citizens. In the following article, some provisions of the concept of social security and the tax exemptions that are granted, have been discussed. To know more, read on...
Taxes on Bonuses
Having knowledge of the federal taxes on bonuses is a must for all employees as well as employers. Let us know more about the payroll taxes on bonuses in this article...
Taxes on Lottery
If you are looking for information about federal taxes on lottery winnings, this article will certainly be a helpful read. Read to know what are the laws regarding taxation in case of lottery winnings in USA.
Claiming Children on Taxes
The following article deals with facts about claiming children on taxes. Different aspects of the process of claiming child tax credit are presented below.
Flat Tax vs Fair Tax
The floor is open for the debate titled 'flat tax vs fair tax'. Read on to know the difference between flat tax and fair tax....
Withholding Allowances
An important method that can be used to lawfully reduce the amount of payable taxes is claiming withholding allowances. The following article is a comprehensive explanation of the provisions of withholding allowances. To know more, read on...
Are Property Taxes Deductible?
As the fiscal year comes to close, taxpayers start hunting for different types of provisions and enactments, with the help of which they can claim and avail a tax deduction. 'Are property taxes deductible', is a frequently asked query which is often left unheeded. To know more about the provisions, read on…
Capital Loss Carryover
The following article is a small elaboration of the concept of capital loss carryover. The carryover and its tax related concepts have also been defined in this article. To know more, read on...
Property Taxes by State
Apart from the conventional income tax that is collected by tax collection agencies, local and regional governments also collect taxes such as the property tax. The following article is a brief elaboration of the concept of property taxes by state governments. To know more, read on...
What is Tax Liability
Governments all across the world levy tax on their citizens in order to raise finances. 'What is tax liability', is a small write-up of the concept of tax. To know more about tax liability, read on...
Taxes on Lottery Winnings
The taxes on lottery winnings can be as high as 50 percent of the total cash amount, and the actual percentage is decided according to the annual income of the winner and the winning amount. To understand more about taxes imposed on lottery winnings, read on...
History of Taxes
Taxes power the government economically, resulting in better infrastructure, medical care, security, education, etc. All through this article, travel through the history of taxes in the United States of America.
Regressive Taxation: What is Regressive Tax System
Taxes like a value-added tax or sales tax on food and other essentials can be a form of regressive taxation, which tends to take up a higher percentage of the budget of a person or family with a lower income. Read on to know what is regressive tax system.
President Challenges GOP to "Get it Done," But Still Wants Taxes
President Obama wants to raise taxes on the people who are creating jobs and technological advancements, and he wants the GOP to agree to his plan to plunder the productive class in the name of his false brand of populism.
Republicans to Obama – No, You Won’t Raise Taxes
Playing at a game of "lie to the masses," the White House is asking "millionaires and billionaires" to pay their "fair share," failing to acknowledge that it would actually lead to a reduction in tax revenue.
Grubbing for Money, States Look to Internet Taxes
State politicians, the money-grubbing, crooked, criminal, junior varsity version of those who really will rob you blind from Washington, DC, are trying a money grab through online retailers, but it appears the retailers are quite content to fight back.
Senate Dems Trying to Eliminate $4.4 Billion Big Oil Tax Break
A big tax break for the oil industry appears relatively small when considering the industry pays more in taxes than any other U.S. industry segment – still, Democrats are trying to turn misguided populism to their advantage by pandering to the masses ahead of the 2012 presidential election.
Obama Deficit Plan is to Cut Spending, Raise Taxes on Wealthy
President Obama announced a plan to cut spending yesterday, and much of his speech sounding like a campaign tour stop.
GE Will Return 3.2 Billion Dollar Tax Refund to U.S. Treasury
GE has announced that the company will return the 3.2 billion dollar tax refund it received for 2010 to the U.S. treasury on April 18.
House Democrats to Reject Tax Plan Without Changes
House Democrats, overusing "eat the rich" rhetoric, have voted to keep a tax bill off the floor for a vote until changes have been made.
Weekend Senate Vote Sets Up Compromise in the Future
The Republican Party voted against extending tax cuts this weekend, but the move was one to ensure that the cuts extend to every income bracket.
GOP Vows to Block New Legislation Until Tax Cuts Extended
Republicans are calling shenanigans on lame duck Democrats and refusing passage of any new bills until tax cuts are extended.
With Piper Demanding to be Paid, Obama Considers Value-Added Tax
The spending spree isn’t even over yet, but it’s now time to start cutting the deficit, which the president has noted may include a new value-added tax similar to that found in many European nations.
Stimulus Plan Now Includes Tax Break for Home Buyers
In what is being viewed as a victory for Republicans, the Obama stimulus plan now includes up to a $15,000 tax credit for home buyers.
New York Governor Wants Tax on Soft Drinks and Music Downloads
New York Governor David Paterson is calling for new taxes on sugary soft drinks as well as any music downloaded from the Internet in an attempt to increase revenues for the state.
Taxpayers to Pay Legal Fees for Fannie Mae and Freddie Mac Executives
Millions of dollars in tax payer money is likely going to be allotted to defend the inevitable lawsuits and criminal prosecutions that are waiting for former mortgage executives at Fannie Mae and Freddie Mac.