Free Tax Law Facts
Learn About Tax Law And
How It Applies To You
Our free tax law facts section covers basic
taxation facts with regards to the different levels
of government that may levy taxes. Taxing
authority is available to municipalities, counties,
regional service entities such as school districts,
State governments and the federal government.
The federal government levies many taxes including
income tax, estate tax, import duty, excise taxes and
a myriad of other special taxes and fees. Income
tax on individuals, corporations and other entities is
the primary source of revenue for the U.S. Government.
States and local governments, on the other hand,
collect most of their taxes from a combination of real
property tax, personal property tax, sales tax and
income tax. In some places, residents may pay
income taxes to federal, state and city governments.
Concurrent with income taxes, the federal
government also collects FICA or social security taxes
and Medicare taxes. These taxes fund two of the
ever growing entitlement programs created by the U.S.
Congress. The social security system technically
is not an entitlement program since the original
intent was a for a forced retirement savings plan a
worker would fund over his or her lifetime.
Unfortunately, unscrupulous Congresses over the years
spent the money workers saved and today social
security payments for retired workers are funded by
the payments of those still working in a never ending
Congressional ponzi scheme.
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• Letter: Cancerous Taxation Will Exist As Long As Apathetic Public Salt Lake...
Salt Lake Tribune Letter: Cancerous taxation will exist as long as apathetic public Salt Lake Tribune Evan Vucci The Associated Press President Donald Trump speaks on tax reform in the Grand Foyer of the White House, Wednesday, Dec. 13, 2017, in Washington. By Paul Sharp The Public Forum. 5 hours ago. Government is a necessary evil, such as for and more raquo
• Richfield City Council Presents Truth In Taxation Meeting, 2018 Budget ECM P...
Richfield city council presents truth in taxation meeting, 2018 budget ECM Publishers Devich demonstrated property tax calculation of a house with a market value of 185,000. Devich said market value is not determined by the city, but by the county assessor. In Minnesota statute, there is a way a value of a home is converted to what39s
• CT News Junkie AntiTobacco Activist Pushes Cessation Rather CT News Junkie
CT News Junkie CT News Junkie Anti Tobacco Activist Pushes Cessation Rather CT News Junkie HARTFORD, CT Those who lead the fight against big tobacco in the state are once again hoping the latest plan to raise taxes on those who use tobacco products don39t forget to fund smoking cessation programs. Currently Connecticut, along with West and more raquo
• The Senate Tax Bill Is Even More Costly Under Current Policy Assumptions Cen...
Center For American Progress The Senate Tax Bill Is Even More Costly Under Current Policy Assumptions Center For American Progress The tax bills that the House and Senate have passed and are now seeking to reconcile would add nearly 1.5 trillion to federal deficits over the next decade, according to the nonpartisan Joint Committee on Taxation JCT. One of the ways in which the Official scorekeeper: House tax bill wouldn39t boost economic growth enough to offset costWashington Examiner The Republican tax bill that could actually become law, explainedVox Europeans Tell Mnuchin the GOP Tax Plan May Break Treaties, Hurt TradeBloomberg Washington Post CoinDesk The Hill all 2,117 news articles raquo
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