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Facts - Books - News    U.S. Facts Of Law:

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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Australian Taxation Office Happy To Go It Alone With Cybersecurity ZDNet
ZDNet Australian Taxation Office happy to go it alone with cybersecurity ZDNet The Australian Taxation Office ATO on Friday told a Senate committee it has a dedicated team that handles cybersecurity related concerns, in particular around pen testing and protecting against vulnerabilities, and as a result, it doesn39t need to Australian Taxation Office powers beyond the rule of lawThe Australian all 4 news articles raquo

Ukraine, Qatar Sign Agreement On Avoiding Double Taxation KyivPost Kyiv Post
Kyiv Post Ukraine, Qatar sign agreement on avoiding double taxation KyivPost Kyiv Post An agreement was signed in the wake of talks between Ukrainian President Petro Poroshenko and Emir of Qatar Sheikh Tamim bin Hamad Al Than. Photo by Popular on social media. Zahoor sells Kyiv Post for at least 3.5 million to Adnan Kivan UKRAINE AND QATAR SIGN AGREEMENT ON AVOIDING DOUBLE TAXATIONUkraine open for business Ukraine39s foreign minister signs agreement on double taxation 112 International blog all 9 news articles raquo

Digital Taxation: Commission Proposes New Measures To Ensure That All Compani...
Digital Taxation: Commission proposes new measures to ensure that all companies pay fair tax in the EU EU News The European Commission has today proposed new rules to ensure that digital business activities are taxed in a fair and growth friendly way in the EU. The measures would make the EU a global leader in designing tax laws fit for the modern economy and

Cyprus And UK Sign Updated Convention On The Elimination Of Double Taxation ...
Independent Balkan News Agency Cyprus and UK sign updated Convention on the Elimination of Double Taxation Independent Balkan News Agency The Republic of Cyprus and the Government of the United Kingdom of Great Britain and Northern Ireland, signed on March 22, in Nicosia, an updated Convention on the Elimination of Double Taxation with respect to Taxes on Income and on Capital Earnings

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Facts of Law about taxes

Facts of Law - Taxes