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Taxes Income Articles
Many people groan under the weight of income taxes. As states require more and more funding to perform their functions, income tax regulations and rates become more stringent and exacting. Historically, the levying of taxes on income is not a new concept, with tithing considered the precursor to the modern income tax. China's Emperor Wang Mang once implemented income tax amounting to 10% of all profits generated by skilled laborers and professionals. Prior to this, all Chinese taxes had been in the form of head or property tax. It is not Emperor Mang's tax model, however, but Britain's William Pitt the Younger that comes the closest to the modern income tax system that we have in place. The articles in this section are all about income taxes and all matters pertaining to income taxation.
Displaying 1-10 of 14 result(s).
We have all been promised that people that make under $250,000 a year would not see a tax increase during the Obama administration. Of course, that promise is highly unlikely to hold. Especially considering the huge amount of money that has already been spent, and the upcoming costs related to the ObamaCare healthcare insurance program.
You can file past year tax returns quickly and painlessly, but not if you follow the IRS's normal instructions. Don't be fooled into thinking that you have to spend hours filling out a form by hand - you can use online tax filing sites to quickly crunch the numbers and pay what's owed.
Small business owners need to pay attention to more than income taxes. This article explains self-employment taxes, estimated taxes, payroll taxes, and sales taxes.
Lots of sites promise free tax preparation, but many get more vague when it comes to specifics. Can you file 2006 tax return for free? The bad news is that you can't literally do that: the good news is that you'll save much more than you pay, if you file it right.
When someone says the words "tax extension" to you, do you automatically think "audit?" Maybe it's time to think again. No one outside the IRS knows for sure how the audit system really works (our money is on trained hamsters), but many CPAs believe that tax extensions actually decrease your chances of getting an audit.
In case you didn't know it yet, the economic stimulus package actually offers a one-time rebate benefit for tax payers. All said, you may qualify for this benefit if you fall under certain categories. Read on to find out.
Income tax is the worst of tax of all. It lays claim to a person's life by taxing one's time and effort - one's very life. And it acts as a disincentive to saving, work and success. It's based on an immoral concept, and therefore any legal avoidance of it should be considered moral.
One of the biggest benefits of having a home-based MLM business is the long list of tax deductible business expenses you can claim. These are legitimate tax deductions allowed by the IRS so long as you show the intent to produce a profit. This article shows you four ways to demonstrate that intent to the IRS.
A day doesn't go by when some companies security is breached and sensitive customer information stolen by hackers. So, are computer income tax programs a safe way for you to complete your taxes?
Did you know that if you donate a car to a registered charity, you can claim this as a tax deduction. You can also time when you donate a car to reduce your taxable income. This should always be done with caution however, or you may not get any benefit from donating your car to charity
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