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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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Taxation News
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Taxation Moves Forward On Recreational Pot Licenses The RecordCourier
pppFocus Taxation moves forward on recreational pot licenses The Record Courier Nevada Taxation Department officials deny they39re trying an end run on a Carson City judge39s order saying only licensed alcohol purveyors can be issued marijuana distributor licenses. Taxation spokeswoman Stephanie Klapstein said in a statement the Nevada Taxation Department prepares to license recreational pot purveyors this weekNevada Appeal Nevada Lawmakers Are Optimistic Adult Use Program Will Begin July 1Cannabis Business Times Taxation moves forward on Nevada recreational pot licensespppFocus all 29 news articles raquo

Australian Taxation Office Attacking Vulnerable Small Business Owners The Au...
The Australian Australian Taxation Office attacking vulnerable small business owners The Australian The Australian Taxation Office can now bankrupt Douglass because Douglass does not have the vast sums required to continue to fight via the courts. But in the Douglass process the Australian tax office is graphically showing it can pick out any

How Will New Taxation System GST Work Explained In 10 Points NDTV
NDTV How Will New Taxation System GST Work Explained In 10 Points NDTV GST is a destination based tax, as against the present principle of origin based taxation. The new tax regime follows a multi stage collection mechanism wherein tax is collected at every stage and the credit of tax paid input tax credit at the GST Impact: 1 lakh jobs opening in Taxation, Data Analysis, Accounting soon, suggest reportsIndia.com Taxation norm for flights abroad to stay same with GSTThe Hindu Rise above parties, politics extend full support: Venkaiah Naidu on GSTDeccan Chronicle DailyO Economic Times Times of India all 405 news articles raquo

Texas Responds To California LGBT Travel Ban, Saying Golden State Firms Aposf...
Los Angeles Times Texas responds to California LGBT travel ban, saying Golden State firms 39fleeing over taxation and regulation39 Los Angeles Times quotCalifornia may be able to stop their state employees, but they can39t stop all the businesses that are fleeing over taxation and regulation and relocating to Texas, Wittman said. Becerra put Texas on the travel ban list after the governor signed HB and more raquo

Nigeria: FG Must Act On Our Low Taxation AllAfrica.com AllAfrica.com
Nigeria: FG Must Act On Our Low Taxation allAfrica.com AllAfrica.com THE Director General, Budget Office of the Federation, Mr Ben Akabueze, while defending Nigeria39s rapidly increasing debt burden which he called and more raquo

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