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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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Judge Rules Nevada Taxation Can Issue Marijuana Distribution Licenses Sierra...
Sierra Sun Judge rules Nevada taxation can issue marijuana distribution licenses Sierra Sun The voter approved recreational marijuana law specifies licensed alcohol distributors have exclusive rights to distribute pot for the first 18 months unless the Taxation Department finds there are insufficient licensees willing to serve the market Nevada Can Begin Issuing Marijuana Distribution Licenses to More BusinessesKTVN Vegas lawyers confidents laws will follow pot evolutionMcClatchy Washington Bureau Marijuana sales in Nevada declining because supplies are running lowfox13now.com all 18 news articles raquo

GUEST COLUMN: We Need Relief From Taxation The Walton Sun Walton Sun
Walton Sun GUEST COLUMN: We need relief from taxation The Walton Sun Walton Sun Reader says: Let the people pay taxes that are fair We want to pay them Tax all earnings period and more raquo

Special Committee Needed To Tackle Taxation Issue Loop PNG
Loop PNG Special committee needed to tackle taxation issue Loop PNG He added that this will effectively address the issue of declining State revenue mainly through leakage and ineffective taxation administration. Meanwhile, Juffa said some mines were among those who barely paid their full portion of taxes and a few

Commissioners Challenge Repressive Preckwinkle Taxation Suburban Chicagoland
Suburban Chicagoland Commissioners challenge repressive Preckwinkle taxation Suburban Chicagoland Several members of the Cook County Board on Wednesday introduced legislation to repeal the oppressive sales tax pushed by Board President Toni Preckwinkle, responding to outrage and anger from over taxed cook county residents. By Ray Hanania. and more raquo

Very Odd Complaints About Amazonaposs Taxation From Booksellers Nonsense In ...
Very Odd Complaints About Amazon39s Taxation From Booksellers Nonsense In Fact Forbes Again, that39s not really about corporation, or profits, taxation. Clifton says Amazon39s latest numbers show the virtual retailer is paying just 1 in corporation tax compared with 2.41 of business rate paid by physical booksellers, making for quite an

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Facts of Law about taxes

Facts of Law - Taxes